Skip to main content

Featured

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

5G subsidy scheme funding doubled

The Government has increased the funding earmarked for a subsidy scheme to encourage early 5G deployment from $50 million to $100 million and extended the application deadline to July 31, 2022.   It said about 100 additional projects would be accommodated as a result.   Under the Anti-epidemic Fund, the Subsidy Scheme for Encouraging Early Deployment of 5G subsidises 50% of the costs relevant to the deployment of 5G technology in a project, subject to a cap of $500,000.   Since its launch in May 2020, the Government has approved 103 applications, covering innovative applications in various sectors, such as remote mechanical maintenance, remote telemedicine application, 3D building information modelling in construction sites and 4K/8K live video broadcasting.   Secretary for Commerce & Economic Development Edward Yau said with its edge of high speed, low latency, high capacity and massive connectivity, 5G provides enormous potential for developing business services and smart city applications from smart homes to autonomous driving.   He added that the good progress has laid a solid foundation for its extensive application, and the Government will continue its efforts in promoting 5G development.   Enquiries on the scheme can be made to 2961 6333 or via email.
http://dlvr.it/S327PX

Popular Posts