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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

LegCo candidates hold diverse views

As a testimony to the diversity and inclusiveness of the improved electoral system, the 153 candidates for the upcoming Legislative Council election come from different backgrounds, hold different political views and have criticised government policies publicly, Chief Executive Carrie Lam said today.   In a statement on the 2021 Legislative Council General Election scheduled for December 19, Mrs Lam stressed that with objective analysis, one would find that the age, profession and background of the candidates are more diverse than those in previous elections, and there is no so-called "35+" "mutual destruction" organisation or politically-driven competition as in the past polls.   She said: “Any candidate having the support of the voters can be elected to enter the political system of the Hong Kong Special Administrative Region to take part in the implementation of 'patriots administering Hong Kong'.   “I hope that every candidate will compete with the manifesto and solicit the support of voters in a pragmatic manner.   “I appeal to registered voters to vote on December 19 for Hong Kong's future.”   Relevant work on the review of the eligibility of the candidates was completed in accordance with the law yesterday and published in the Gazette, kickstarting the electioneering activities in the coming weeks.   The 153 candidates will compete for 90 seats to be returned by three constituencies. They will form the Seventh-Term Legislative Council to discharge LegCo’s constitutional duties from January 1 next year.   Mrs Lam expressed gratitude to the Candidate Eligibility Review Committee chaired by Chief Secretary John Lee, namely the three non-official members Elsie Leung, Rita Fan and Prof Lawrence Lau, for conducting a large amount of work in a short period of time and completing scrutiny in a prudent, objective and efficient manner.   The Chief Executive said she will continue to urge the Electoral Affairs Commission, with the full support of various government departments, to ensure arrangements are smooth on the polling day.   The Constitutional & Mainland Affairs Bureau is liaising with Mainland authorities to firm up voting arrangements on boundary control points on the polling day for Hong Kong registered voters in the Mainland and will make an announcement as soon as possible, she added.   While stating that the Legislative Council is an important institution in the the Hong Kong SAR’s political system, the statement also noted that governance was continuously disrupted by people with anti-China sentiments in LegCo who entered the governing system via elections.   Owing to political infighting, Hong Kong missed a lot of opportunities to give full play to its unique strengths to take full advantage of the development of the country, it added.   The statement concluded that with the improvement to the electoral system, Hong Kong is back on the right track of "one country, two systems" to open a new chapter on good administration and governance.
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