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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

Subsidy scheme accepts applications

The Food Courts Subsidy Scheme was launched today and opened for applications to provide financial support to operators of eligible licensed food factories in operation, the Food & Environmental Hygiene Department announced.   Launched under the fourth round of the Anti-epidemic Fund, the scheme will provide a one-off subsidy ranging from $20,000 to $100,000 to licence holders of food factories according to the floor area of the premises as specified on the business operation licence.   The department explained that "food court" means a place inside a shopping mall comprising licensed food factories and an adjoining seating area with tables and chairs or stools provided by the property management or owner of the mall for non-exclusive use by its visitors, which may include patrons of the licensed food factories.   The scheme requires an applicant to make a declaration, including indicating that the food business is still in operation, and if the business is not operated by the licence holder, consent from every operator in respect of the food business on supporting the application for the subsidy is required.   Application for the scheme will run until March 31. The form and guidelines on how to apply can be downloaded from the department’s website.   Upon receipt of the completed application form and supporting documents and after verification, the department will disburse the subsidy in about two weeks.
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