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RMB stock trading backed

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

Yau Ma Tei mobile testing continues

The Government today said it will continue to arrange compulsory testing for places with one or more confirmed COVID-19 cases in Yau Ma Tei.   A mobile specimen collection station at Kwun Chung Sports Centre and mobile specimen collection vehicles located at the section of Canton Road between Jordan Road and Saigon Street have been set up to conduct free testing for residents.   Residents required to undergo compulsory testing may also take the test for free at the testing centre set up at Henry G Leong Yaumatei Community Centre.   The Home Affairs Department and its Yau Tsim Mong District Office have arranged for helpers who speak Nepali, Urdu and other languages to conduct home visits and explain relevant arrangements at buildings covered by the compulsory testing notices.   They distributed information in multiple languages and registered residents’ details to facilitate follow-up on mandatory testing in the future.   So far, more than 7,100 residents have undergone testing at the above venues.   The Government appealed to people under compulsory testing notices to get tested as soon as possible.   Those who fail to comply with the testing notice may be fined $5,000 and will be issued a compulsory testing order requiring them to undergo testing within a specified time frame.   If they fail to comply with the order, they will be liable to a $25,000 fine and six months’ imprisonment.
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