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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

Concerted effort to fight virus assured

Every bureau and department in the Hong Kong Special Administrative Region Government has been mobilised to fight the COVID-19 epidemic.   Chief Executive Carrie Lam made the statement this morning at a press conference where she thanked the State Council's Hong Kong & Macao Affairs Office Director Xia Baolong for co-ordinating Mainland authorities' assistance for Hong Kong's anti-epidemic work.   “About remarks made by the State Council’s Hong Kong & Macao Affairs Office Director, I would first wish to express my deepest gratitude to Director Xia Baolong for his personal attention and tremendous efforts in co-ordinating the various ministries and commissions in the Central People’s Government to support Hong Kong.   “As far as I understand, he has personally chaired eight co-ordination meetings to make sure that every request from the Hong Kong Special Administrative Region Government has been attended to by the relevant ministries and commissions.   “He also, through his deputy directors, communicates with me very often to convey his care and concern about Hong Kong and also to assure me as well as the people of Hong Kong that the central government is always behind us.   “I cannot really comment on the adjective or the description he used, but I can assure him and assure the people of Hong Kong that we are putting in every effort to fight this epidemic.”   Mrs Lam also stressed that the Hong Kong SAR Government is prepared to spend whatever amount of money it takes to combat the fifth wave of COVID-19, adding that all bureaus and departments are making a concerted effort to do their part.   “We are not short of money. We will spend whatever money is required in order to get us out of this epidemic as soon as possible.   “More importantly, the whole of the Hong Kong SAR Government is acting as one government to tackle this epidemic. I do not want any more speculations that there are bureaus and departments that are working very hard, whereas others are not doing so.”
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