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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

6 arrested for security law breach

Police's National Security Department arrested four men and two women aged between 32 and 67 in Tin Hau, Mong Kok, Ngau Tau Kok, Tsuen Wan, Sheung Shui and Cheung Chau on suspicion of committing an act or acts with seditious intention, contravening the Crimes Ordinance.   The arrested people are being detained for further enquiries.   They are suspected of having purposely caused a nuisance during their attendance for hearing in different courts, including the High Court, the West Kowloon Magistrates' Courts and the Eastern Magistrates' Courts, between December 2021 and January 2022.   These acts severely affected jurisdictional dignity and court operations.   Police also conducted searches at the arrested people's residences with a court warrant. A number of items in suspected connection with the case, including records of conspiracy to cause a nuisance in the courts, were seized.   Police reminded the public that doing an act or acts with seditious intention to bring into hatred or contempt or to excite disaffection against the administration of justice in Hong Kong is a serious crime. Offenders shall be liable to imprisonment for two years.
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