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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

EU vaccine exports monitored

The Government today said it is gravely concerned about the European Union's (EU) announcement of implementing an export control mechanism, and if necessary, banning the export of COVID-19 vaccines.   The EU's announcement stated that it will strive to ensure the new regulation does not affect the exports under advance purchase agreements already entered into between vaccine manufacturers and third parties.   The Government has proactively followed up with the vaccine manufacturers it has advance purchase agreements with to ensure that the vaccines procured can be supplied to Hong Kong as scheduled.   It has indicated to Fosun Pharma that it should reach out to the various relevant parties to ensure that the Fosun/BioNTech vaccine to be exported for supply to Hong Kong under the advance purchase agreement will not be affected.   The Government will closely monitor the development of the situation.   It will also continue to negotiate purchase agreements with vaccine manufacturers from around the world and the Mainland to obtain more supplies of vaccines which meet the criteria of safety, efficacy and quality, and strive for the early supply of the vaccines to Hong Kong.
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