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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

Group gatherings exemption revised

The Government today gazetted the amendments to relevant regulations on prevention and control of disease to adjust the scope of exempted group gatherings under the vaccine bubble, which will take effect on June 24.   The amendments also provide the legal framework to implement the relevant infection prevention and control measures on cruises when “cruise-to-nowhere” itineraries are resumed.   Announced yesterday, the adjustments to the scope of exempted group gatherings under the Prevention & Control of Disease (Prohibition on Group Gathering) Regulation have been approved by the Executive Council today.   In addition, the Government announced in May that “cruise-to-nowhere” itineraries can resume from the end of July at the earliest when cruise companies strictly comply with a set of health control protocols.   To this end, the Prevention & Control of Disease (Requirements & Directions) (Business & Premises) Regulation was amended to incorporate cruise ships into the list of scheduled premises.   This would allow the Government to impose restrictions and requirements to the operational mode of cruise ships, including the relevant infection control measures.
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