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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

Cyberport directors named

The Government today announced the appointment of a new director and the reappointment of five serving directors to the Hong Kong Cyberport Management Company Board of Directors.   The appointments are for two years starting April 1.   The new director is Lau Kwok-fan while the five reappointed directors are Prof Ling Kar-kan, Victor Ng, Charleston Sin, Rosana Wong and Eric Yeung.   Secretary for Innovation & Technology Alfred Sit welcomed the appointment and reappointments to the Board of Directors.   “With their wealth of experience and expertise in a wide range of businesses and disciplines, the Board Directors will no doubt continue to steer Cyberport in nurturing its startup community and promoting further development of Hong Kong into a leading innovation and digital technology hub.”   Mr Sit also thanked outgoing director Lau Chun-kong for his invaluable contributions to Cyberport over the years.   Click here for the list of board members.
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