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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

Alfred Sit holds I&T briefings

Secretary for Innovation & Technology Alfred Sit held engagement sessions with Hong Kong deputies to the National People's Congress (NPC) and Hong Kong members of the Chinese People's Political Consultative Conference (CPPCC) on February 22 and 23.   The sessions were conducted in a virtual format to brief them on Hong Kong's latest innovation and technology developments before they attend the NPC and CPPCC meetings in Beijing next month.   Mr Sit expressed gratitude to the Hong Kong NPC deputies and the Hong Kong CPPCC members for their attention to the city's innovation and technology development and he hoped they can render support for the Government's work in this aspect.   Hong Kong will continue to leverage its strengths to serve the country's needs and actively participate in the nation's development, particularly in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, he said.   "With the plentiful development potential in the Greater Bay Area, grasping the development opportunities in the Area is the top priority of the Hong Kong Special Administrative Region Government.”   The Government has been heavily investing and driving innovation and technology development along eight major areas with the staunch support of the country since the establishment of the Innovation & Technology Bureau.   The efforts are gradually delivering results and the overall innovation and technology ecosystem in Hong Kong has been significantly improved, with the number of local startups increasing from around 1,100 in 2014 to over 3,300 in 2020.
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