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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

Flight ban to be lifted in Apr

Chief Executive Carrie Lam today announced that from April 1, the Government will lift the flight ban on nine countries and cut the hotel quarantine period for arrivals.   Currently, under the place-specific flight suspension mechanism, passenger aircraft from Australia, Canada, France, India, Pakistan, the Philippines, the UK, the USA and Nepal are not allowed to land in Hong Kong. Explaining the policy change at a press conference this morning, Mrs Lam said the suspension is out of time and causing distress to Hong Kong people stranded overseas.   The more stringent quarantine requirements imposed on arrivals than local COVID-19 patients or close contacts have also affected the city’s business environment, she added.   The Chief Executive announced that starting from next month, only Hong Kong residents who are fully vaccinated can board a flight for Hong Kong. They must hold a negative result of a polymerase chain reaction (PCR)-based nucleic acid test taken within 48 hours before boarding and a confirmation of a room reservation at a designated quarantine hotel (DQH) for at least seven nights.   Upon arrival, they are required to receive a rapid PCR-based nucleic acid test. Upon testing negative, they will then be issued with a 14-day quarantine order and transported to the DQH.   During the quarantine period, daily rapid antigen tests (RATs) will be conducted and a PCR-based nucleic acid test will be done on days five and 12.   If the results on the day five PCR test and days six and seven RATs are all negative, they may opt for an early discharge from the DQH, then undergo a seven-day self-monitoring and receive the aforementioned PCR test on day 12 at a community testing centre.   Alternatively, if they choose to stay in the DQH throughout the 14-day quarantine period, a PCR test will be conducted in the DQH on day 12. After getting a negative result, they can leave the DQH on day 14.   If the travellers have tested positive in any of these virus tests after arriving in Hong Kong, they will be issued with an isolation order and transferred to a community isolation hotel. The isolation and discharge requirements will be the same as for local COVID-19 patients.
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