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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

HK an East-meets-West hub

The Hong Kong University of Science & Technology (HKUST) is a young and exceptionally gifted university that excels internationally in science, technology and business. This is reflected in its international ranking. According to QS, HKUST is ranked Number 34 in the world, and Number 2 among universities less than 50 years old. Now, with the opening of the Shaw Auditorium, the university has a world-class facility from which to nurture culture and the arts, while also putting a smart spotlight on sustainability in Hong Kong's built environment. That's evident in the sensor lighting, the solar roof panels and the abundance of green space surrounding this watershed development. And the extensive use of bamboo amid the auditorium's innovative technology is as natural as it is inspired.        More than a state-of-the-art addition to HKUST, the Shaw Auditorium is a much welcomed addition to a growing list of top-class arts and cultural facilities in Hong Kong. Just last week, together with Mr Henry Tang, we opened M+, Hong Kong's new museum for visual arts and culture at the West Kowloon Cultural District. Over the past couple of years, we have also opened the performing arts venue of Freespace and the Xiqu Centre for Chinese opera at the district, as well as the renovated Hong Kong Museum of Arts in Tsim Sha Tsui. Looking forward, we are all expecting the Hong Kong Palace Museum by the middle of next year, and the East Kowloon Cultural Centre in 2023. All these facilities will provide a solid base for Hong Kong's development as an East-meets-West centre for international cultural exchange - as supported by the central government in our nation's 14th Five-Year Plan promulgated in March this year.        Beyond arts and culture, this magnificent, multi-purpose auditorium will serve as a 21st century learning and leisure commons, a space for multimedia exhibitions, for graduation ceremonies and all manner of occasions, large and small. It is heartening to know that neighbouring communities, including residents in Sai Kung and Tseung Kwan O, will have access to events here, and that the university has just launched its "Friends of HKUST" programme for members of the public to enroll and receive event information.        I would say that the opening of the Shaw Auditorium marks a stunning start to the 30th anniversary of HKUST. The auditorium speaks brilliantly of how far HKUST has come in such a relatively short time. It speaks as well of how far it is destined to go. I am therefore grateful to the generosity and vision of the Shaw Foundation, all the donors, and everyone in the university who have helped bring the superb Shaw Auditorium to bright and boundless life.   Chief Executive Carrie Lam gave these remarks at the opening ceremony of the Shaw Auditorium of the Hong Kong University of Science & Technology on November 17.
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