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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

Fountain misconduct case followed up

The Leisure & Cultural Services Department today said it is considering taking legal action against the people involved in misconduct and using liquid soap at Kwun Tong Promenade's music fountains and interactive wet play areas.   In a statement, the department said the music fountains and wet play areas had been closed for thorough cleaning.   It reminded members of the public to behave in an orderly and decent manner and be properly clothed when visting these areas. They should also not obstruct, disturb or annoy other people in their proper use of the playground.   The Pleasure Grounds Regulation also states that no person shall bathe, wade or wash in any ornamental lake, pond, stream or water.   Offenders are liable to prosecution and subject to a maximum fine of $2,000 and imprisonment for 14 days.
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