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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

More eligible for JoyYou Card

The Government today announced that eligible people born in 1959 can apply for the JoyYou Card from tomorrow via the Octopus App mobile application or by posting application forms.   The JoyYou Card is a personalised Octopus Card tailor-made for the Government Public Transport Fare Concession Scheme for the Elderly & Eligible Persons with Disabilities ($2 Scheme).   It carries a personal photo and the holder's name for identification. Each eligible person will be issued with one card only.   The card will be sent to the applicant's Hong Kong postal address within four weeks upon receipt of the completed application.   The Government will subsidise the $20 fee for eligible people's first application.   For eligible people born in 1957 and 1958, a total of about 195,000 applications have been received so far, representing about 83% of the estimated local population born in the same years.   The Government will launch enhancement and anti-abuse measures of the $2 Scheme on February 27 next year, including lowering the eligible age from 65 to 60 to benefit more than 600,000 people aged 60 to 64. These beneficiaries will need to present their JoyYou Card to enjoy the fare concession.   Those aged 65 or above may continue to use their anonymous elder or personalised Octopus Cards to enjoy the $2 concessionary fare. Arrangements for them to apply for the JoyYou Cards will be announced in the first quarter of 2022.   Call 2266 2222 for enquiries.
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