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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

Property sales up 19.9%

The Land Registry recorded 9,067 sale and purchase agreements for all building units received for registration in March, up 19.9% from February and 99.1% higher year-on-year.   The total consideration for such agreements rose 21.3% from February to $78 billion, representing a 117.9% year-on-year increase.   Of the agreements, 7,444 were for residential units in March, up 21.5% from February and 92.4% higher than a year ago.   The total consideration of residential units was $69.3 billion, a rise of 21.8% compared with February and up 118.4% from March 2020.   There were 541,242 land register searches last month.
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