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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

Games meeting to be held

The General Administration of Sport of China will later convene a meeting with Guangdong, Hong Kong and Macau on preparation of the 15th National Games, Secretary for Home Affairs Caspar Tsui said today.   Mr Tsui told legislators today that the meeting will discuss the division of work, financial arrangements and other details of the games.   The central government announced on August 26 its agreement for Guangdong, Hong Kong and Macau to host the 15th National Games in 2025.   He said a good foundation is in place for Hong Kong to take part in hosting the games, with Kai Tak Sports Park to be commissioned in 2023, the city having the Hong Kong Velodrome where many international competitions have been held and other sports facilities.   As for developing new and improving existing facilities, Mr Tsui noted that 21 of the 26 projects under the Five-Year Plan for Sports & Recreation Facilities have obtained funding approval from the Legislative Council, involving around $7.7 billion in total.   The 21 projects will provide three heated swimming pools and 15 open spaces for public use, the latter including two seven-a-side football pitches, two five-a-side football pitches, four tennis courts, eight basketball courts, two lawn bowling greens and two cycling grounds.   The approved projects will also implement pre-construction activities for redeveloping one sports ground and one amenity complex.   Facilities in seven of the approved projects have been opened or scheduled for opening this year for public use, he added.
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