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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

Algernon Yau to visit Cambodia

Secretary for Commerce & Economic Development Algernon Yau will depart Hong Kong tomorrow for Cambodia to attend an Association of Southeast Asian Nations (ASEAN) Economic Ministers meeting scheduled for September 17.   At the Sixth ASEAN Economic Ministers - Hong Kong, China Consultation meeting, Mr Yau and participating economic ministers of ASEAN member states (AMS) will discuss the progress of the free trade agreement’s implementation.   There will also be discussions on the related investment agreement between ASEAN and Hong Kong.   On the meeting’s sidelines, Mr Yau will hold bilateral meetings with various AMS economic ministers to exchange views on regional co-operation and issues of mutual interest.   The commerce chief will also attend a luncheon to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region and visit Hong Kong enterprises in Cambodia.        Mr Yau will return to Hong Kong on the evening of September 18. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary.
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