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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

29k get consumption voucher

Around 29,000 people whose cases have been successfully reviewed will receive their first consumption voucher today, the Government said.   They will get an SMS or a mobile app push notification. They may also call 18 5000 to check the review result.   As of last Saturday, the Consumption Voucher Scheme Secretariat has received some 170,000 applications for review. Most of these applications are from people who have submitted valid claim requests for early withdrawal of their Mandatory Provident Fund or benefits under occupational retirement schemes on the ground of permanent departure from Hong Kong. About 104,000 people’s applications for review had been accepted and they got their first voucher on August 7.   The secretariat said the remaining cases are being processed. In general, it will notify the applicants of the review results by SMS within six weeks upon receipt of their application and supporting documents.
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