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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

29,000 counterfeit items seized

Customs seized about 29,000 suspected counterfeit goods during a joint operation with its Mainland and Macau counterparts in the past month.   The customs administrations stepped up inspection of goods across the three places and destined for North America, South America, Europe and Africa as well as countries and regions along the Belt & Road.   The goods seized by Hong Kong Customs, worth about $3.2 million, included mobile phone accessories, clothes, pharmaceutical products, ornaments, leather products and footwear.   People importing or exporting goods with forged trademark face a fine of up to $500,000 and five years’ imprisonment.   Call the 24-hour hotline 2545 6182 or send an email to report suspected counterfeiting activities.  
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