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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

US notice condemned

The Hong Kong Special Administrative Region Government today strongly condemned the Implementation of Employment Authorization for Individuals Covered by Deferred Enforced Departure for Hong Kong notice issued by the US authorities.   In a statement, the Hong Kong SAR Government pointed out that this notice equates to the US offering a so-called safe haven to wanted fugitives who have escaped from Hong Kong in an attempt to evade justice by hiding in foreign countries including the US.   Governments that not only harbour but invite or encourage fugitive offenders to live in their countries wantonly disregard the rule of law and expose their hypocrisy, it stressed.   Countries taking such actions should take full responsibility for unnecessarily stoking tensions with the motherland, the Hong Kong SAR Government noted.   It also urged the US to stop their blatant interference in Hong Kong matters which are the internal affairs of the People’s Republic of China.  
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