Secretary for Financial Services & the Treasury Christopher Hui today expressed his gratitude to various listed issuers in Hong Kong for their support to the proposal of setting up a renminbi (RMB) stock trading counter. Mr Hui stated that further to the help rendered by the Legislative Council Panel on Financial Affairs regarding the Government's proposed measures to promote the issuance and trading of RMB stocks in Hong Kong and enhance the trading mechanism, a number of listed issuers have also backed the proposal. Such listed issuers will actively explore the feasibility of setting up a new RMB trading counter for their issued shares. Mr Hui explained that listed issuers who indicated their support today include Hang Seng Index constituent stocks with promising turnover. “Their participation is a vote of confidence to the development of RMB securities in Hong Kong, which will be conducive to our promotion work to other issuers, enabling Hong Kong to graduall
Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong’s geographical position as a gateway between the East and West has made it an attractive centre for international trade. As a reflection of this, the heart of Asia’s world city has always been the bustling and beautiful Victoria Harbour. Hong Kong’s 1,104-square-kilometer area comprises Hong Kong Island, which lies to the south of the harbour, the Kowloon Peninsula, which forms its northern shores, the New Territories to the north of Kowloon, which stretch all the way to Mainland China, and more than 200 outlying islands, including Lantau Island, where Hong Kong International Airport is located.
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