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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

Clement Woo named Under Secretary

Chief Executive Carrie Lam has appointed Clement Woo as Under Secretary for Constitutional & Mainland Affairs and he will assume office on October 20.   He was named on the Appointment Committee’s recommendation.   Mr Woo, aged 54, was a member of the Tai Po District Council from 2016 to 2019.   He has ample experience in running manufacturing, trade and investment companies locally, on the Mainland and abroad.   He has made notable contributions to society through his participation in the Committee on the Promotion of Civic Education, the Family Council and the Basic Law Promotion Steering Committee, as well as his service as an auxiliary police officer.    He is a member of the Democratic Alliance for the Betterment & Progress of Hong Kong.
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