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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 inspects new recruits

Secretary for Justice Teresa Cheng inspected the passing-out parade for 33 probationary inspectors and 116 recruit police constables at the Police College today.   While speaking at the ceremony, she encouraged the graduates to rise to challenges and strive ahead with perseverance, bravery and fortitude.   Ms Cheng said citizens have a rising expectation towards the quality of public services as society has seen drastic changes in recent years, and Police have been under unprecedented challenges and tests in their work.   Joining the force at this time has fully demonstrated the graduates’ determination, ability, commitment and willingness to serve the community as society’s future pillars, she added.   Ms Cheng also noted that rule of law and national security are the cornerstones of ensuring Hong Kong’s long-term security and sustainable development.   She explained that the Department of Justice and Police perform respective roles in upholding the rule of law and national security, as well as protecting public interest for the steady and enduring growth of “one country, two systems”.   Ms Cheng remarked that national security tops the country’s priority, adding that the aspiration of “one country, two systems” is to uphold national sovereignty, unity and territorial integrity.   She stressed that the Government will strive to fully implement the legal system and enforcement mechanisms to safeguard national sovereignty, security and development interests.   She said she hoped that all graduates could embrace Police’s vision in ensuring that Hong Kong remains one of the safest and most stable societies in the world.
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