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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

Clubhouse prosecuted for rule breach

The Home Affairs Department today prosecuted the licence holder of Scout Association of Hong Kong - Commissioners' Club and related people for suspected violations of anti-epidemic regulations.   According to an investigation, the licence holder of the clubhouse, the catering service contractor and two of its responsible persons allowed and arranged a banquet on April 10 in catering premises inside the clubhouse with the number of participants exceeding the limit of 20 people prevailing at the time.   They were suspected of violating relevant requirements and directions issued by the Secretary for Food & Health in relation to the clubhouse under the Prevention & Control of Disease (Requirements & Directions) (Business & Premises) Regulation (Cap 599F).   Separately, the catering service contractor and three people of the association that allowed the prohibited group gathering and the organisation of the banquet were suspected of violating the relevant restrictions on group gathering under the Prevention & Control of Disease (Prohibition on Group Gathering) Regulation (Cap 599G).   Having examined all available information, the department’s Office of the Licensing Authority applied to the court for a summons against the licence holder of the clubhouse, four summonses against the catering service provider and two of its responsible persons, and three summonses against the three people who organised the banquet at the clubhouse.   The cases will be heard in court.
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