Skip to main content

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

HK set to become tech hub

Research and development (R&D) is always the foundation of innovation and technology (I&T), and we have invested heavily in encouraging and supporting local R&D works. Apart from supporting R&D activities through various schemes, the Government has also been fostering technology transfer and realisation of R&D results. One of the good examples is to foster the development of local technology startups from our universities by launching the Technology Start-up Support Scheme for Universities under the Innovation & Technology Fund to support teams from our local universities, including Chinese University of Hong Kong (CUHK), in starting technology businesses and commercialising their R&D results. Annual funding provided to each university has been increased up to $8 million, and each startup may receive up to $1.5 million per year for a maximum of three years. Since its inception, the support scheme has provided funding support to 334 startups with a total amount of $250 million.        Quality infrastructure and facilities for R&D are also indispensable for promoting I&T. We have set up two InnoHK research clusters focusing on two major areas, namely healthcare technologies and artificial intelligence as well as robotics technologies. We aim to pool in top-notch researchers all over the world via this initiative to consolidate Hong Kong's leading position as the hub for global research collaboration. The first batch of some 20 R&D laboratories including world-renowned universities and research institutes, as well as our local universities, have begun operation in the Science Park. I am so grateful for the support and participation of CUHK in this InnoHK initiative. Last month, the Chief Executive visited the Microbiota I-Center, MagIC, and I am particularly impressed by the research team's vision to have a new pharmaceutical and healthcare frontier in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).        Outstanding institutes and excellent researchers in Hong Kong will definitely have bigger roles to play on the road of building Hong Kong into an international I&T hub, leveraging the vast opportunities brought about by the National 14th Five-Year Plan and the GBA development. I sincerely hope that CUHK and the academia can seize every opportunity ahead and embrace the country's support, thereby bringing more impetus to the research and innovation sector in Hong Kong.   Secretary for Innovation & Technology Alfred Sit gave these remarks at the CUHK Innovation Day 2021 on September 23.
http://dlvr.it/S86qhD

Popular posts from this blog

Download Ricepon App on iPhone and Android

I found a very good dining app in Hong Kong. You can use QR Code to order food in restaurant, order takeaway at home and enjoy coupon. iPhone Download : https://tinyurl.com/wywn5lc Android Download : https://tinyurl.com/tnvlug8 Ricepon App Official Website : http://www.gingersoft.com.hk/ricepon-app/

124 COVID-19 cases reported

The Centre for Health Protection today said it is investigating 124 additional COVID-19 cases. More cases were detected in Kwai Chung Estate. There are also more than 70 preliminary positive cases.   Among the newly reported cases, 33 are related to Kwai Chung Estate, bringing the total number of positive and preliminary positive cases in the estate to 276.   One more positive case was found after an earlier confirmed case occurred at Glory Court, Tsuen Wan Garden, both of them live in units 5 but on two different floors. The centre has co-ordinated with related government departments and conducted an inspection today.    It was preliminarily considered that vertical transmission of virus via pipes is involved.   The centre will issue quarantine orders to residents of unit 5 on all floors of the building who resided there during the incubation period of the relevant cases and transfer them to a quarantine facility.   As it is possible that virus might be ejected from the open