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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

Alfred Sit meets academicians

Secretary for Innovation & Technology Alfred Sit today met founders of the Greater Bay Area Association of Academicians.   The meeting was held to solicit insightful ideas from top-notch scientific research talents on the technological development of Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, as well as valuable advice on the development of an international innovation and technology (I&T) hub.   Mr Sit said the association is a strong platform and assumes an important role and huge responsibility for driving technology by leading national scientists.   Combining the edge in scientific research and Hong Kong's advantage as an international city, the association helps foster cross-disciplinary exchange and collaboration and promote technology and popular science education.   All this will be a driving force for the synergistic innovation and technology development of Guangdong, Hong Kong and Macau as well as Hong Kong and the bay area's development into an international I&T hub, making contributions to the nation's advancement in technology, he noted.   Mr Sit added that with the country's domestic and international dual circulation development strategy and the support of the 14th Five-Year Plan, Hong Kong will push ahead in the development of the bay area into an international I&T hub.   It will also complement with Mainland cities of the bay area and Macau, to make good use of the advantages of Guangdong, Hong Kong and Macau's research and development as well as industrial innovation to better integrate into national development and leverage Hong Kong's strengths to serve the country's needs.   Mr Sit also thanked the association for its contribution to improve Hong Kong's electoral system, which can put the city back on the right track and regain its momentum in driving technology.   Fifteen seats under the Election Committee's newly added technology and innovation subsector will be nominated from among the Hong Kong academicians of the Chinese Academy of Sciences or the Chinese Academy of Engineering, and the nomination forms should be submitted by the association.
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