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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

Chan Kwok-ki to chair review body

The Government today announced the Chief Executive’s appointment of members of the Candidate Eligibility Review Committee (CERC) commencing on September 19.   The Chief Executive appointed Chief Secretary Chan Kwok-ki as CERC Chairperson and Secretary for Home & Youth Affairs Alice Mak as its official member pursuant to section 9A of the Chief Executive Election Ordinance.   Financial Secretary Paul Chan ceases to be Committee Chairperson when the new appointment takes effect.   Pursuant to section 9A(2) of the ordinance, the CERC is to consist of the chairperson, at least two but not more than four official members, and at least one but not more than three non-official members.   Section 9A(4) of the ordinance further stipulates that only a principal official appointed pursuant to a nomination under Article 48(5) of the Basic Law is eligible for appointment as the chairperson or an official member.   The appointment notice has been gazetted and reported to the Central People's Government for the record.
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