Stories from Hong Kong

Traffic congestion is reported on several routes in Hong Kong, including Red Gate Road Long Mei towards Fenwick Street, Queen's Road East Long Mei East Terrace, and from South District's Former Upper Bay Road towards Royal Port, then back to Ship District via South Bay Road. China's Foreign Ministry Commissioner to Hong Kong, Qiu Jianchun, stated that China, as a founding country, will continue to support the development of the International Mediation Court. China's National 155 Plan explicitly supports the International Mediation Court's role in consolidating Hong Kong's position in peaceful dispute resolution. Li Ka-shing highlighted Hong Kong's self-reliance as a global trade capital, noting its relevant conditions and the national 155 plan's support for the WTO's role in promoting Hong Kong's future.

The Labor Department will hold a job fair from May 12 to 13 at the Wong Tai Sin Plaza. Over 60 organizations are expected to participate in the job fair, offering various employment vacancies and direct recruitment opportunities.

A road in West District Tai Mei Wan, Hong Kong, will be closed until tomorrow night.

Multiple legislators have expressed concern regarding the impact of public healthcare fee increases, specifically questioning if it will lead to higher charges in the private market. Multiple legislators expressed concern over the impact of public healthcare fee hikes, specifically regarding potential increases in private market fees and a lack of consultation with the Legislative Council on specific increases and implementation details. The Labor Department said that the reform includes both increases and decreases, with over 390,000 individuals who previously paid now receiving free services. They noted that the Legislative Council was not consulted on specific fee adjustments and implementation details before the reform. The Labour Department reiterated that the reform involves both additions and subtractions, with over 390,000 people gaining free services that were previously paid.

A proposal's withdrawal will be considered if the chairman of the owners' corporation receives a joint signature from 50% of the owners.

Hong Kong Secretary for Health, Lo Chung-mau, stated that the industrial medical fee reform has been largely smooth since its implementation. Tencent Holdings fell 7.6 to 469.8, while Southern Hensen Technology dropped 5.6 to 4.95.4. Hensen China Enterprises decreased 4.4 to 90.96. Alibaba saw a 2.3 decline to 138.6, and Huahong Semiconductor fell 13.5 to 127.9. Baobao Motor, however, rose 5.2 to 167.4. Multiple legislators expressed concern regarding the impact of public healthcare fee increases, questioning if they would lead to higher private market fees. Southern Hang Seng Technology also declined 5.6 points, and Hang Seng China Enterprises was down 4.4 points. Conversely, Baobao Motor saw a rise of 5.2. Henssen Technology also dropped by 5.6%, and Henssen China Enterprises fell by 4.4%. Alibaba's stock price fell 2.3 to 138.6, while Huahong Semiconductor declined 13.5 to 127.9.

An independent committee is holding a hearing regarding the Tai Po Wing Fook Court fire. Deputy Director Yi Zhixiong testified that future considerations might include collecting something if the Owners' Corporation chairman receives a petition signed by 50% of owners. The independent commission for the Tai Po Wing Fook Yuen care home fire continues its hearing, presided over by the Deputy Director of Home Affairs.

Eastern District Hospital is undergoing an upgrade and renovation of its geriatric day hospital.

The Hang Seng Index closed at 26,335 points, down 290 points, representing a drop of over one percent. The Hang Seng Index closed at 26393 points, experiencing a 232-point drop, with the total transaction amount exceeding HK$270 billion. The Huishang Bank Hang Seng Technology ETF (QDII) C (013128) is experiencing a premium close to historical lows.

Hong Kong officials updated lawmakers on the government's public healthcare fee reform, which began in January. Zhongxing International declined 3.4 dollars to 73.35 dollars, while Alibaba fell 1.6 dollars to 139.3 dollars. Hua Hong Semiconductor dropped 10.6 dollars to 130.8 dollars. Tencent Holdings shares fell 4.6 HKD to 472.8 HKD, while Southern Hang Seng Technology dropped 1.2 HKD to 4.998 HKD. Hang Seng China Enterprises also declined by 1.8 HKD to 91.22 HKD. Kuaishou, however, saw an increase of 4.65 HKD, reaching 53.05 HKD. Zhongxing International fell 3.4 HKD to 73.35 HKD, Alibaba dropped 1.6 HKD to 139.3 HKD, and Hua Hong Semiconductor decreased by 10.6 HKD to 130.8 HKD. Several Hong Kong-listed stocks experienced price changes, with Tencent Holdings falling 4.6 HKD to 472.8 HKD. Southern Airlines Technology dropped 1.2 yuan to 4.998 yuan.