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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

Helpers' minimum wage unchanged

The Minimum Allowable Wage for foreign domestic helpers will remain at $4,630 per month, while the monthly food allowance will be increased by $52 to not less than $1,173, the Government announced today.   It made the decision after carefully considering Hong Kong's general economic and labour market conditions over the past year, as well as its near-term economic outlook, including the impact of the COVID-19 pandemic.   The employers' affordability and the helpers' livelihood were also taken into consideration.   Under the Standard Employment Contract for hiring helpers, employers must provide them with free food or pay them a food allowance.
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