SFST speaks after first meeting of Task Force on Review of Government Procurement Regime (with video)
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Reporter: Secretary, first of all, looking back at the tendering process so far, can you tell us what specific red flags do you think were missed and how many of those have been caught earlier? And you mentioned that there will be some improvement measures to be carried out in the mid-term of the review by the Task Force. Can you specify what do you mean by mid-term and what kind of measures will be carried out? And finally, you mentioned that the GLD is the primary party to be held responsible for the matter. Have any officials in the department been carried out any sort of disciplinary action?
Secretary for Financial Services and the Treasury: That's exactly the purpose of my chairing the task force this morning, to make reference to this incident and to identify any systemic issues that we need to deal with at the system and also at the process level. In particular, as you highlighted in your second question, we will look at areas like in terms of the due diligence required and the issues on the contract management and also quality control. These are the relevant aspects that will be covered in our interim result, because what we would expect is that before we make the final announcement, we hopefully would like to get the result earlier than the three months that we said earlier.
(Please also refer to the Chinese portion of the remarks.)
Ends/Thursday, August 21, 2025
Issued at HKT 17:12
Issued at HKT 17:12
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Audio / Video
SFST speaks after first meeting of Task Force on Review of Government Procurement Regime