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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

National arts fund open to HK

The Government today welcomed the opening up of China National Arts Fund applications from local arts institutions and practitioners for the first time.   The Council of the China National Arts Fund announced that the China National Arts Fund 2022 now accepts applications from Hong Kong and Macau. Eligible arts institutions and practitioners may submit applications via the arts fund’s website from July to September.   The 14th Five-Year Plan promulgated in March included support for Hong Kong to develop into an arts and culture exchange hub of China and the rest of the world.   The Government said it will continue to assist the arts and culture sector to seize the opportunities offered by the country’s 14th Five-Year Plan.   Accepting Hong Kong applications for the arts fund is a testimony to the country’s care for the development of the city’s arts and culture sector and arts talents, providing them a wider scope of development, it added.
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