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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

Alert issued on fraudulent calls

Customs today appealed to the public to stay alert to deception-related phone calls purporting to be made by the department.   Customs noted that it recently received several public enquiries about receiving phone calls from +852 2815 7711, which is the same number as its general enquiry hotline, or from other local mobile phone numbers.   The caller claimed to be a Customs officer, saying that the called party's mail parcel or cargo consignment was seized by the department as contraband items were found inside it.   Some of the calls were subsequently transferred to another scammer posing as a non-local law enforcement officer.   Customs clarified that it did not make such calls, adding it has reported the incident to Police.   It reminded the public that officers will provide relevant information to verify the identity of both parties if they need to contact them and will not request sensitive personal information nor transfer the call to non-local law enforcement agencies.
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