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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

Govt seeks talented youths

The Member Self-recommendation Scheme for Youth started phase four of its recruitment today.   The number of participating committees has been increased from 10 to 15, covering a wider spectrum of policy areas. Each of the committees will offer two seats for appointment.   Young people aged 18 to 35 who want to serve the community are invited to nominate themselves to join.   Those interested should have a strong commitment to serve the community, good understanding of the policy area concerned, and good analytical and communication skills.   Applications close on May 26 and scheme details are available on the Home Affairs Bureau website.    Applicants must write no more than 600 words or provide a video or audio clip to explain, in either Chinese or English, their suitability for the committee they choose.   The Home Affairs Bureau said around 400 posts are currently held by young people who have been appointed to advisory and statutory bodies through the scheme.   The overall ratio of youth members in these bodies has increased from 7.8% in 2017 to the current 13.7%, gradually approaching the target of 15% set by the current-term Government, it added.
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