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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

Power plant operations safe

Secretary for Security John Lee today said Taishan Nuclear Power Station is operating within nuclear power safety requirements and that the release of operational information complies with international standards.   Having maintained close contact with Guangdong's Nuclear Emergency Committee Office as well as the National Nuclear Safety Administration, Mr Lee made it clear the power plant is safe.   “We have been given the information that the operation of the Taishan nuclear plant is safe and there is no indication of any effect on the environment. So it is operating within all the requirements regarding nuclear power safety.   “All the information that is released will be in accordance with the international standard.”   He added that only two incidents occurred at Taishan Nuclear Power Station this year, both of which were classified as Level 0 events that did not affect the unit’s safe operation, workers’ health, the nearby communities or the environment.   “In other words, they do not affect, in any way, nuclear safety,” Mr Lee stressed.
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