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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

Double-arch steel bridge arrives

The prefabricated double-arch steel bridge for the Cross Bay Link, Tseung Kwan O, arrived in Hong Kong today and will be erected on the bridge piers later, the Civil Engineering & Development Department announced.   Upon completion, it will be the longest span and heaviest steel arch bridge in the city.   The Cross Bay Link is about 1.8km long, of which 1km is a marine viaduct composed of several sizeable steel and concrete members.   With a length of 200m and a weight of about 10,000 tonnes, the double-arch steel bridge was constructed with high-strength steel and is an integral part of the marine viaduct.   The steel bridge components are prefabricated in Nantong, near Shanghai, for delivery to Hong Kong in batches.   The delivery vessel left Nantong on February 9 and entered Junk Bay this morning.   Spanning across Junk Bay, the Cross Bay Link will connect the southeastern areas of Tseung Kwan O with the Tseung Kwan O - Lam Tin Tunnel and provide linkage to Tiu Keng Leng and Tseung Kwan O town centre.   The project is scheduled for completion in 2022.   It will greatly ease transport between the southeastern part of Tseung Kwan O and Kowloon. Traffic flow in the district will also be enhanced with reductions in the traffic load on Wan Po Road and Tseung Kwan O town centre.   The department supervised the arrival of the double-arch steel bridge at the Tathong Channel this morning.   It acknowledged the project team's meticulous planning and arrangement for the double-arch steel bridge's prefabrication, assembly and delivery which overcame various engineering challenges and site setting constraints.   The whole process was completed in an efficient and orderly manner, allowing the double-arch steel bridge to be delivered to Hong Kong on schedule, the department added.
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