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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

6 typhoon names added

Six new tropical cyclone names have been added to this year's list for typhoons in the western North Pacific and the South China Sea, the Hong Kong Observatory announced today.   They are Yinxing, Co-may, Nongfa, Ragasa, Koto and Nokaen.   Yinxing, a name originating from China, is a kind of tree native to the country.   Co-may, from Vietnam, means a species of grass known as Chrysopogon aciculatus.   Nongfa and Nokaen, both from Laos, represent a lake in Laos meaning blue lake and a swallow.   The Philippines' Ragasa means rapid or fast motion, while Koto from Japan is the constellation Lyra.   The United Nations Economic & Social Commission for Asia & the Pacific/World Meteorological Organization Typhoon Committee endorsed the names at its 53rd session.   They will replace the names of Yutu, Lekima, Faxai, Hagibis, Kammuri and Phanfone.   The committee will consider retiring names of tropical cyclones which have caused serious casualties and economic losses.   In October 2018, Super Typhoon Yutu left at least two people dead and injured 133 others during its passage over Saipan. Electricity supply was interrupted in many places.   It also brought torrential rain and squalls to the northern part of the Philippines and triggered landslides and flooding, resulting in at least 20 deaths.   In August 2019, Super Typhoon Lekima caused at least 56 deaths and left 14 people missing in eastern China. Over 14 million people were affected with direct economic losses exceeding RMB51.5 billion.   There were also at least two deaths and 11 injuries in Taiwan under the influence of the torrential rain brought about by this typhoon.   Severe Typhoon Faxai and Super Typhoon Hagibis hit Kanto in Japan in September and October 2019, causing extensive flooding and power outages. Marine, land and air traffic in Kanto was paralysed. These two storms resulted in at least 102 deaths, 618 injuries and seven people missing.   In December 2019, the Philippines was hit by Super Typhoon Kammuri and Typhoon Phanfone, resulting in a total of 54 deaths and 680 injuries.
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