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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

New customs chief appointed

The Central People's Government has approved the appointment of Louise Ho as Commissioner of Customs & Excise on the recommendation of Chief Executive Carrie Lam.   Ms Ho’s appointment took effect from today when Hermes Tang proceeded on pre-retirement leave after 34 years’ service.   The Chief Executive said Ms Ho has served in the Customs & Excise Department for 30 years and has extensive experience in departmental operations.   “She possesses solid management and leadership skills. I am confident that she will lead the department in meeting the challenges ahead," Mrs Lam added.   Mrs Lam also conveyed heartfelt appreciation to Mr Tang for his contribution to the Hong Kong Special Administrative Region and wished him a happy retirement.   Louise Ho joined the Customs & Excise Department as Inspector of Customs & Excise in 1991. She was promoted to Superintendent and Senior Superintendent of Customs & Excise in 2010 and 2013.   She became Assistant Commissioner of Customs & Excise in 2017 and Deputy Commissioner in 2019.   Ms Ho had received awards in the department, including the Hong Kong Customs & Excise Medal for Meritorious Service in 2017.
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