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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

Social distancing to be eased

(To watch the full media session with sign language interpretation, click here.)   Secretary for Food & Health Prof Sophia Chan today said some of the social distancing measures for catering businesses and scheduled premises can be gradually relaxed due to the current COVID-19 epidemic situation.   Prof Chan made the announcement at a media session this afternoon, saying that some of the previously closed premises can reopen and dine-in services at restaurants will be extended to 10pm from February 18.   “While we are looking at the number of cases every day and the entire situation, we felt that this is the time that we are able to gradually relax some, not all, but some of the restrictions on scheduled premises and also the catering businesses’ dine-in service in the evening.”   She pointed out that Hong Kong has seen a decline in the number of confirmed cases, with infections remaining at low double-digit figures and unlinked cases at single digits. While the COVID-19 instantaneous effective reproductive number published by the University of Hong Kong School of Public Health dropped to about 0.6 and the sewage study also showed negative results in various districts.    Prof Chan noted that catering businesses and scheduled premises will have to comply with two additional requirements under the law.   “The first is to have all the staff tested every 14 days. This is actually similar to our targeted group testing, but this time it is required by law that we require the restaurant owners or managers to be responsible for ensuring their staff in the restaurants or these premises are tested every 14 days.   “The second is to use the LeaveHomeSafe mobile app so that it is easier for people to keep a record of the places they went to - it is like a diary - and if there are confirmed cases in the premises that they went to, then they would be informed so that they would take care of their own health situation.”
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