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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

Welfare cases up 0.2%

The overall Comprehensive Social Security Assistance caseload rose to 224,895 in December, up 0.2% from November, the Social Welfare Department announced today.   The total number of recipients stood at 319,200.   Low-earnings cases registered a month-to-month decrease of 1% to 2,520 cases while old age cases were down 0.2% to 130,647.   Ill-health cases rose 0.8% to 26,056 cases. Single parent cases were up 0.4% to 24,760 cases while permanent disability cases increased 0.1% to 17,377 cases.   Unemployment cases continued to increase, rising 2.2% on a monthly basis to 19,506 cases. The figure is also an increase of 55.2% compared with December 2019.   The number of applications of unemployment cases increased 12.2% to 1,045 cases in December, representing a 65.1% year-on-year increase.
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