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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

Welfare cases down 0.3%

The overall Comprehensive Social Security Assistance caseload dropped to 223,792 in March, down 0.3% from February, the Social Welfare Department announced today.   The total number of recipients stood at 319,191.   Low-earnings cases registered a month-to-month decrease of 2.2% to 2,422 cases, while old age cases were down 0.7% to 128,863.   Unemployment cases rose 0.4% on a monthly basis to 19,810 cases. The figure is also an increase of 57.4% compared with January 2020 when Hong Kong just started to fight against the COVID-19 pandemic.   The average number of applications for unemployment cases in January to March was 856 per month, representing a reduction of 3.3% from the number between December 2020 and February, or a decrease of 15.1% from that between January and March.   Ill-health cases increased 0.2% to 26,289. Both permanent disability cases and single parent cases were up 0.1% to 17,502 and 24,826.
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