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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

Clarice Yu to head Buildings Dept

Deputy Director of Buildings Clarice Yu will succeed Yu Tak-cheung, who will start his pre-retirement leave, as Director on November 29.   Secretary for the Civil Service Patrick Nip said he is confident that Ms Yu will be able to lead the Buildings Department to meet the challenges ahead.   “Ms Yu has proven leadership skills, profound professional knowledge in building safety and extensive operational experience.”   Mr Nip also praised Mr Yu on his commitment.   “Mr Yu has served with zeal and commitment in the civil service over the past 36 years. As Director of Buildings, Mr Yu has made remarkable contributions and led the department in setting and enforcing safety, health and environmental standards for private buildings.   “I wish him a fulfilling and happy retirement."   Click here for their biographies.
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