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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

Anti-terror exercise concluded

The Inter-departmental Counter Terrorism Unit conducted an anti-terrorism exercise at the West Kowloon Station of the Guangzhou-Shenzhen-Hong Kong Express Rail Link today.   The unit co-ordinated with an aerial flight patrol of the Government Flying Service, helping Police pursue a wanted vehicle.   The exercise simulated an operation against terrorists who opened fire towards a crowd. The terrorists also attempted to use a chemical, biological, radioactive and nuclear device outside the West Kowloon Station. Police arrested the culprits.   The exercise aimed to test and enhance departments' capabilities in dealing with terrorism-related intelligence and responding to different forms of terrorist attacks.   The unit's Police Senior Superintendent Leung Wai-ki told the media today that although public order had basically been restored in the past 12 months, several violent incidents around July 1 this year illustrated that some local radicals had not abandoned their extremist pursuits.   Mr Leung pointed out that the overall terrorist threat level in Hong Kong remains moderate and there is no specific intelligence suggesting that Hong Kong will be subject to any terrorist attack.   “In order to ensure we are fully prepared to respond or deal with any kind or any format of a terrorist incident in Hong Kong, all enforcement agencies under our Inter-departmental Counter Terrorism Unit will conduct regular counter-terrorism exercises or other emergency drills in accordance with the latest global or local situation.”   About 300 officers from the Police Force, Government Flying Service, Immigration Department, Correctional Services Department, Customs & Excise Department and Fire Services Department took part in the exercise.   The Government Laboratory and the Mass Transit Railway Corporation also assisted in the exercise.   The unit promotes the message of Spot & Report among the public, stressing that tragedy could often be avoided if local communities provide timely useful information to law enforcement agencies.
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