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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

Mar exports value up 26.4%

The value of Hong Kong’s total exports increased to $409.1 billion in March, up 26.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 21.7% to $436.1 billion for the same period.   A trade deficit of $27 billion, or 6.2% of the value of imports, was recorded for the month.   Comparing the first quarter this year with the preceding quarter on a seasonally adjusted basis, the value of exports rose 19.4%, while that of imports increased 13.8%.   The value of exports continued to have strong growth on a year-on-year basis in March on the back of a sharp rebound in global demand. Exports to many major markets, notably the Mainland, registered visible increases, the Government said.   For the first quarter as a whole, total merchandise trade value surpassed the previous first-quarter high in 2018 by 13.2%, it added.
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