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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

42 pollution convictions in March

The Environmental Protection Department today announced it recorded 42 convictions for pollution offences in March.   Twenty-three convictions were under the Public Cleansing & Prevention of Nuisances Regulation, while 13 were under the Waste Disposal Ordinance.   There were also two convictions for air pollution and one each under the Environmental Impact Assessment Ordinance, the Product Eco-responsibility Ordinance, the Noise Control Ordinance and the Water Pollution Control Ordinance.   The heaviest fine was $16,000 given to a company for importing controlled waste without a permit.
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