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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

February warmer than usual

The weather in Hong Kong was much warmer and sunnier than usual in February.   The Hong Kong Observatory said the maximum temperature of 23.5 degrees, the mean temperature of 19.8 degrees and the mean minimum temperature of 17.5 degrees were higher than normal, making them the second, third and fourth highest on record for February.   The total sunshine duration in the month was 205.1 hours, more than twice the normal of 101.7 hours, making it the fourth highest on record.   The monthly rainfall was 62.1 mm, about 60% above normal.   With plenty of sunshine, the temperature soared to a maximum of 27.6 degrees on February 2, the highest of the month. Affected by a dry northeast monsoon, it was warm and dry during the day from February 4 to 7.   The weather was cloudy and cool on February 11 with the temperature falling to a minimum of 15.3 degrees, the lowest of the month.
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