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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

Welfare cases down 0.2%

The overall Comprehensive Social Security Assistance caseload dropped to 216,442 in January, down 0.2% from last December, the Social Welfare Department announced today.   The total number of recipients stood at 305,358.   Low-earnings cases remained steady at 2,216. Single parent cases and old age cases each dropped 0.4% to 23,678 and 123,667 respectively.   Unemployment cases decreased 0.2% to 18,453 compared with last month, although it represents an increase of about 46.6% compared with January 2020 when Hong Kong just started to fight against the COVID-19 pandemic.   The average number of applications for unemployment cases in November 2021 to January 2022 was 479 per month, representing a slight increase of 2.1% from the October to December 2021 figure.   Ill-health cases increased 0.3% to 26,980, while the number of permanent disability cases was down 0.1%, recording 17,499 cases.
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