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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

17 building plans approved in Sept

The Buildings Department approved 17 building plans in September - six on Hong Kong Island, one in Kowloon and 10 in the New Territories.   Of the approved plans, nine were for apartment and apartment-commercial developments, one was for commercial development, five were for factory and industrial developments and two were for community services developments.   Consent was given for works to start on 12 building projects which will provide 180,439 sq m of gross floor area for domestic use involving 3,129 units, and 23,933 sq m of gross floor area for non-domestic use.   The department also issued 24 occupation permits - six on Hong Kong Island, seven in Kowloon and 11 in the New Territories.   Buildings certified for occupation have 28,016 sq m of gross floor area for domestic use involving 603 units, and 41,871 sq m for non-domestic use.
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