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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

61 cinemas granted subsidies

The Cinemas Subsidy Scheme under the sixth round of the Anti-epidemic Fund received applications from every cinema operator and relevant subsidies were disbursed to all 61 eligible cinemas today, the Commerce & Economic Development Bureau said.   The scheme, which opened for applications on February 18, seeks to provide a one-off subsidy of $100,000 per screen to each existing cinema licensed as a place of public entertainment with commercial operation in December last year.   The maximum subsidy for a cinema circuit is $3 million.
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