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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

Exhibition grant extended

The Government announced today that the Convention & Exhibition Industry Subsidy Scheme will be extended for six months to June 30, 2022.   The extension will benefit more convention and exhibition activities and enhance the confidence of event organisers in staging activities in Hong Kong.   Established with a commitment of $1.02 billion, the scheme consists of two parts. One part provides organisers with a full subsidy for the venue rental of exhibitions and international conventions at the Hong Kong Convention & Exhibition Centre and AsiaWorld-Expo starting from October 3, 2020.   The other part of the scheme subsidises exhibitors and major conference participants 50% of the participation fee at events organised by the Trade Development Council starting from November 30, 2020.   As at May 31, it had subsidised 31 exhibitions, involving a total subsidy of about $61 million.
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