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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

Jordan operation not a 'lockdown': CE

Chief Executive Carrie Lam said the restricted area in Jordan was set up for the purpose of conducting compulsory COVID-19 testing and that there is a difference between what the Government is doing and what people normally refer to as a “city lockdown” in other parts of the world.   Speaking to the media after inspecting the restricted area today, Mrs Lam explained the scope of the Government’s operation there.   “On many occasions, any public health measures - especially in terms of mandating people to be subject to COVID-19 tests and requiring shops and premises to close - require the full co-operation of the citizens and also the businesses, but the Government is obliged to provide all the needed assistance.   “In this case, for example, we know that the residents being affected are not allowed to leave their home for up to 48 hours. So what the Government has done is we provided them with food packs which we believe should be able to support them for the next two days.   “And if there are other necessary requirements, they could always call our hotline and we will try to help. So that’s the approach that we have taken in supporting this type of operation.”   Mrs Lam also explained why the Jordan restricted area operation should not be regarded as a “lockdown”.   “I must make it very clear, that what we are doing is not what people see in other places as a lockdown. Because a lockdown normally means that you are not allowed to go out for a period. But in our case, this prohibition is linked to the test, so that’s why in English we call this a restriction-testing declaration. It is for the purpose of the compulsory testing.    “Once the compulsory testing for the entire area has been completed, then the order will be lifted and people will be allowed to go out.   “I would say that there is a difference between what we are doing in Hong Kong and what people normally refer to as a ‘city lockdown’ in other parts of the world.”
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