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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

S1 allocations to be released

Parents of Primary 6 students participating in the 2022 Secondary School Places Allocation System will receive notifications on May 4 if their applications have been successful, the Education Bureau said today.   Parents do not need to reply to schools to say whether they accept the discretionary place offers or not.   Parents who have also successfully applied for a school place in a non-participating Direct Subsidy Scheme (NDSS) secondary school for their children should decide whether to retain the offer from the school.   If they decide to retain the offer from an NDSS secondary school, they should disregard the notifications from the participating secondary schools.   However, if parents decide to decline the offer they should notify the NDSS secondary school and retrieve the originals of the signed undertaking as well as the Primary 6 Student Record Form by May 12, in order to retain the school place successfully applied for in the discretionary place stage.   Students who have not been offered a discretionary place are required to participate in the central allocation.   Primary 6 students will receive the Choice Form, the Notes for Parents and the Secondary School List for their school net from their primary school.   Parents may refer to the Handbook for Unrestricted School Choices distributed to primary schools, or obtain the latest version of the handbook via the bureau’s website and the automatic telephone enquiry system’s fax service on 2891 0088.   To reduce gatherings and maintain social distancing in light of the COVID-19 epidemic, the bureau advised primary schools to make flexible arrangements to support parents in making school choices.   Schools may consider providing parents with information or advice by video conferencing, phone or email, and distribute the choice-making documents to parents of cross-boundary students by post or email.   The bureau reminded parents to complete and return the Choice Form to primary schools for submission by May 30.
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