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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

Views sought on energy scheme

A public consultation on the proposed inclusion of three additional products under the fourth phase of the Mandatory Energy Efficiency Labelling Scheme (MEELS) was launched today.   These products include Light Emitting Diode (LED) lamps, gas cookers and gas instantaneous water heaters.   The consultation period will end on May 31.   The MEELS was introduced in 2008 under the Energy Efficiency (Labelling of Products) Ordinance, requiring energy labels to be shown on all prescribed products for supply in Hong Kong to enable the public to select energy efficient appliances and save more energy.   The scope of product coverage was planned to be expanded in phases.   People can express their views by email to the Electrical & Mechanical Services Department.   Click here for the consultation document.
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