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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

Govt to review entry restrictions

The Government will review whether stricter restrictions on people arriving in Hong Kong are warranted after a man who flew in from Dubai and completed a 21-day quarantine tested positive for COVID-19.   Secretary for Food & Health Prof Sophia Chan made the remarks today in response to media enquiries after attending a radio programme.   She noted that the Government had recently implemented the tightened commercial flight suspension mechanism to address the risk of importing mutant strains of COVID-19 from very high-risk places.   “Starting from April 14, we have already strengthened our suspension of flight mechanism. If we look at the past data, from March to now we have already suspended seven flights for 14 days from different countries.   “Therefore with this new mechanism, we envisage that we will be suspending more flights.”   Prof Chan added the Government will continue to review the situation in a timely manner.
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