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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

Electoral system briefings held

Secretary for Home Affairs Caspar Tsui today held three briefing sessions for the sports and culture sectors to explain the improvements to Hong Kong's electoral system.   The sessions enabled the stakeholders to have a better understanding of the approval by the Standing Committee of the National People's Congress of amendments to Annexes I and II of the Basic Law and render their support.   Mr Tsui said the improvements to Hong Kong's electoral system can accord with the city's actual situation and better attend to the society's overall interests, which enhances the governance of Hong Kong.   As such, the "one country, two systems" principle will continue to be implemented steadfastly, maintaining Hong Kong's advantages, he added.   Mr Tsui will conduct more sessions to brief various sectors, listen to their opinions and call on the community for their full support on the relevant amendments.
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