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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

Welfare cases dip 0.4%

The overall Comprehensive Social Security Assistance caseload dropped to 221,481 in June, down 0.4% from May, the Social Welfare Department announced today.   Low-earnings cases registered a month-to-month decrease of 1.4% to 2,337 cases, while old age cases were down 0.5% to 126,786. Single parent cases dipped 0.2% to 24,834, while permanent disability cases slightly decreased by 0.1% to 17,478 cases.   Unemployment cases fell by 1.1% to 19,461 cases. The figure is an increase of 54.6% compared with January 2020 when Hong Kong just started to fight the COVID-19 pandemic.   The average number of applications for unemployment cases in April to June was 651 per month, down 15.8% from the March to May number or a decrease of 75.4% from the April to June 2020 figure.   Ill-health cases rose 0.5% to 26,580.
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