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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

FinTech Week a success

Hong Kong FinTech Week 2021 attracted over 20,000 participants looking for business opportunities for the fintech industry.   Held by the Financial Services & the Treasury Bureau and Invest Hong Kong in early November, the five-day event drew more than four million online views from 87 economies.   It was also host to over 300 speakers, more than 400 exhibitors, and 39 international delegations and representatives.   Notable policy measures and proposals were announced by the Government and regulators to set the global fintech agenda and secure Hong Kong’s future as the most attractive international centre for the research and development of fintech products and services.
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