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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

CE mourns Cheung Yan-lung

Chief Executive Carrie Lam today expressed deep sorrow over the passing of Cheung Yan-lung, a long-time participant of public services including the chairmanship of the Heung Yee Kuk and the Regional Council.        Mr Cheung was also a member of the Legislative Council, the District Council and the Selection Committee for the first Government of the Hong Kong Special Administrative Region.   Mrs Lam said: “Sparing no effort in promoting the development of the New Territories, he was held in high regard and revered by the rural residents.        "I am saddened by the passing of Mr Cheung. On behalf of the Hong Kong SAR Government, I would like to extend my deepest condolences to his family."   Secretary for Home Affairs Caspar Tsui also expressed sorrow over the passing of Mr Cheung, saying that he had played an important role in bridging the communication between the Government and New Territories residents.   He spared no efforts in promoting rural affairs and district administration in the New Territories and worked for the welfare of its residents, Mr Tsui added.
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