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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

Chinese med hospital to be built

(To watch the full commissioning launch ceremony and press conference with sign language interpretation, click here.)   The Food & Health Bureau and Baptist University today started the preparation work for commissioning the Chinese Medicine Hospital (CMH), aiming to commence service in phases from the second quarter of 2025.   Situated at Pak Shing Kok, Tseung Kwan O, the hospital will offer 400 beds with both inpatient and outpatient services. It will also diagnose and treat specific diseases through the collaboration of Chinese and Western medicine practitioners with the former playing a predominant role. When fully commissioned, the outpatient clinics will be able to serve some 310,000 patients each year.   Secretary for Food & Health Prof Sophia Chan has high hopes and confidence in Baptist University’s participation in the project, noting the hospital’s establishment is an important milestone in Chinese medicine development.   “The CMH will provide not only quality medical services, but also a collaboration network with Chinese medicine clinics and educational and research centres, universities and the Chinese medicine industry.”   Baptist University, which has extensive Chinese medicine experience, shares the same mission with the Government in developing the hospital into a flagship Chinese medicine institution and a change driver that propels the development of Chinese medicine service, education and training, innovation and research in Hong Kong, she added.   CMH Project Office Project Director Dr Cheung Wai-lun said patients would be treated in the CMH using an integrated approach.   With chronic pain as an example, he said: “The origin first may not be identified even through the Western medicine technique.”   “I believe that Chinese medicine practitioners, experts, they will formulate a very good protocol and also use combinations of interventions, for example, using Chinese medicine (ie drugs), acupuncture and also maybe other methodologies that will cater (to) the individual situation of individual patients,” he explained.   In addition, the CMH will be a base for teaching and clinical practicum for the schools of Chinese medicine of three local universities and a clinical training platform for Chinese medicine practitioners. A Clinical Trial & Research Centre will also be set up in the CMH to facilitate the development of new proprietary Chinese medicines as well as widening the existing medicines’ clinical applications.   The CMH’s design principle and construction works are co-ordinated by the Architectural Services Department. Covering 4.29 hectares of land and next to the Government Chinese Medicines Testing Institute, the hospital’s layout and architectural design highlight the co-existence of modern Chinese medicine and traditional Chinese culture.   The construction works of the CMH and the Government Chinese Medicines Testing Institute will commence at the end of this month, the Government added.
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