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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

Ling Ao power plant sound

An operational event at Ling Ao Nuclear Power Station on March 31 did not affect the plant's safe operation, the Security Bureau said today.   The case, reported on the Daya Bay Nuclear Power Operations & Management Company's website, involved a relay in the backup diesel generator of the station's Unit 1.   During a regular test, station staff found a dysfunctional relay and immediately replaced it according to the procedures. Its function has returned to normal after replacement.   Relevant statistics suggested that the dysfunction time of the relay had exceeded the operational and technical requirements.   The bureau said the event was classified as a Level 0 deviation in accordance with the International Nuclear & Radiological Event Scale and relevant nuclear safety regulations, adding that it did not affect the unit's safe operation, workers' health, nearby public or the environment.
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