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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

Testing compliance check done

The Government today completed a joint enforcement operation at Mei Fai House of Yue Fai Court in Aberdeen which was earlier included in a compulsory testing notice.   The enforcement action was conducted from around 8.30am to 11am by the Constitutional & Mainland Affairs Bureau together with the Western Police District and the Department of Health.   During the operation, 205 people’s test records were checked. Five of them were found to have violated the compulsory testing notice and were issued with a compulsory testing order.
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