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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

1.5m register for voucher scheme

The Government said about 1.55 million people have submitted an electronic registration for the Consumption Voucher Scheme via its online registration portal as of 6pm today, the first day of the scheme’s registration.   Registration was generally smooth, with more than 1.3 million of those who registered authenticating their identity by answering security questions related to the Cash Payout Scheme launched last year.   Registration via the iAM Smart mobile app was obstructed this morning because the system was heavily loaded. The situation has gradually improved since this afternoon.   Financial Secretary Paul Chan reminded the public not to rush for registration in the first few days, as eligible registrants who have completed the electronic registration in the coming two weeks or by July 17 will normally receive the first voucher on August 1 after their eligibility is confirmed.   Those who choose to submit paper forms may drop the completed forms, together with a copy of their Hong Kong identity card, into the drop boxes at all post offices and designated branches of five banks starting tomorrow.   Eligible people who submit paper forms or complete electronic registrations on or after July 18 will normally receive the first voucher on September 1.   The scheme is open for registration until August 14.   Click here or call the hotline 18 5000 for more information.
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