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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

Teresa Cheng signs legal pact

Secretary for Justice Teresa Cheng today signed a memorandum of understanding on the administration of the Legal Talent Recruitment Scheme (Trainee Solicitors).   The memorandum was signed with Law Society of Hong Kong President Melissa Pang.   Funded by the Anti-epidemic Fund, the scheme provides the monthly salary subsidy of $6,800 for a maximum of 12 months to each eligible law firm for one newly created job opening for a trainee solicitor, with up to 130 new job openings for trainee solicitors in total.   The scheme will not only create new job opportunities during the pandemic, but also ensure a steady and sufficient supply of legal talents in alignment with the Government’s policy objectives to advance the rule of law.   The Government also aims to strengthen Hong Kong’s development as a centre for international legal and dispute resolution services under the National 14th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area development plan.   The scheme will be open for application from July 5 to November 5.   The Law Society will be responsible for processing and assessing the applications, as well as arranging the subsidy’s disbursement.   Ms Cheng expressed her appreciation to the Law Society for developing and administering the scheme, which is expected to benefit young professionals and the legal sector in general.
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