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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

National security seminar held

The Civil Service Bureau held a seminar on the topic of national security, the National Security Law and improving the electoral system today.   It was the third and final seminar in its series of seminars for directorate and senior civil servants under the theme of Understanding the Constitutional Order & Safeguarding National Security. Today's seminar was delivered by former Secretary for Justice and former Vice-Chairperson of the Hong Kong Special Administrative Region Basic Law Committee of the Standing Committee of the National People's Congress Elsie Leung.   It covered the holistic view of national security, the responsibility of the Hong Kong SAR to safeguard national security, the background to the enactment and the key elements of the National Security Law, improving the electoral system and the local implementation of the principle of “patriots administering Hong Kong”. Addressing the seminar, Secretary for the Civil Service Patrick Nip quoted the important remarks made by National Committee of the Chinese People's Political Consultative Conference Vice-Chairman and Hong Kong & Macao Affairs Office of the State Council Director Xia Baolong in July.   “Only by building a solid security foundation of 'one country' can the 'two systems' enjoy greater vitality and space, the well-being and interests of Hong Kong residents be effectively safeguarded, and the prosperity, stability and lasting peace of Hong Kong be ensured. The responsibility of fully implementing the National Security Law is shouldered by the Hong Kong SAR Government, different sectors of the community, as well as every Hong Kong citizen.” Mr Nip stressed that civil servants must have an accurate understanding of the constitutional order established under the country's Constitution and the Basic Law as well as a thorough grasp of the National Security Law.   “They should also enhance their awareness of safeguarding national security and act in accord fully with the Hong Kong SAR Government in discharging its duty to safeguard national security. This is crucial to the steadfast and successful implementation of the principle of 'one country, two systems',” he added.   About 480 directorate and senior rank civil servants attended the seminar. In addition to the live seminar at the Central Government Offices, some participants took part through a simulcast at the Hong Kong Central Library.   The three seminars in the series have attracted an attendance of around 1,300.
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