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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

False positive test results probed

The Government said today it has completed the investigation of the false positive virus testing results by private laboratory BGI and requested it to continue to strictly follow the improvement measures to ensure that such an incident will not occur again.   When the Department of Health’s Public Health Laboratory Services Branch conducted confirmatory tests for preliminary positive specimens referred by BGI on January 29, February 1 and 2, it found the COVID-19 testing results of some of these specimens to be negative.   The Hospital Authority arranged new specimens to be collected from these cases for further testing, which also tested negative.   The incident involved 16 false positive results, including eight cases from the Targeted Group Testing Scheme for teaching & non-teaching staff & staff of boarding section of special schools on January 29 and four cases from the compulsory testing arrangement for residents and visitors of Heng Lok House of Tin Heng Estate in Tin Shui Wai on February 1.   The other four cases pertained to specimens collected from a mobile testing station and a community testing centre.   The laboratory has conducted a thorough investigation into the root cause leading to false positive results in accordance with the Government's request, and submitted to the Department of Health on February 11 a report examining the potential areas of lapses, including human error, reagents carryover or contamination and environmental contamination as well as the corrective and improvement measures taken.   The laboratory adopted additional confirmatory tests on preliminary positive specimens as one of the corrective and improvement measures from February 4. It was noted that no further false positive results have been detected from BGI since then.
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