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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

Virus testing backlog reported

The Hospital Authority said it was notified by a COVID-19 test service vendor that some of the test procedures were lengthened due to environmental contamination and subsequent thorough disinfection required in the laboratory.   The authority explained that some of the tests and notification of negative results cannot be completed within 48 hours as the contract terms required.   The test service vendor was contracted by the authority to arrange COVID-19 testing to tie in with the Centre for Health Protection's Enhanced Laboratory Surveillance Programme.   The authority has reported the incident to the Food & Health Bureau and the Department of Health (DH). Starting from today, some of the backlog specimens will be arranged for testing in the DH’s Public Health Laboratory Centre and at three other vendors.   According to the vendor’s report, it has completed the test for all specimens received on or before March 2 and most of March 3. It is expected that the tests for the rest of March 3 and March 4, around 20,000 specimens, will be completed today.   The Public Health Laboratory Centre and the three vendors will continue to render assistance and it is expected that the tests for the rest of specimens will be completed in the coming days.   The authority has tasked the vendor to review its testing procedures and enhance contingency. It said it will seriously follow up the incident with the vendor in accordance with the contract terms to avoid the occurrence of similar incidents.
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