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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

Date set to start legislative session

The Government announced today that in accordance with section 4(3) of the Legislative Council Ordinance, the Chief Executive in Council has specified January 1, 2022 as the commencement date of the Seventh Legislative Council.   The Chief Executive has also specified January 12, 2022 as the commencement date of the 2022 legislative session under section 9(2) of the Legislative Council Ordinance and specified 11am of that date for holding the first meeting of the Legislative Council in accordance with section 10(1) of the same ordinance.   Notices announcing the commencement dates of the Seventh Legislative Council and the 2022 legislative session as well as the date and time of holding the council’s first meeting were gazetted today.
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