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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

NT LNY fair stalls to be auctioned

The Food & Environmental Hygiene Department today reminded interested parties that the 2022 Lunar New Year fair stalls in the New Territories will be put up for open auction from November 23.   A total of 545 wet goods stalls at nine fairs in the New Territories will be auctioned, but no dry goods or fast food stalls will be offered. Opening prices range from $320 to $2,990.   The nine fairs will be held at Kwai Chung Sports Ground in Kwai Tsing, Sha Tsui Road Playground in Tsuen Wan, Shek Wu Hui Playground in North District, Man Yee Playground in Sai Kung, Po Hong Park in Tseung Kwan O, Yuen Wo Playground in Sha Tin, Tin Hau Temple Fung Shui Square in Tai Po, Tung Tau Industrial Area Playground in Yuen Long, and Tin Hau Temple Plaza in Tuen Mun.   While the bidding for the Tin Hau Temple Plaza fair stalls will take place at Tseng Choi Street Community Hall in Tuen Mun on December 7, the stalls at the remaining eight venues will be put up for separate auctions at the assembly hall on 2/F, Lai Chi Kok Government Offices in Lai Chi Kok from November 23 to December 2.   All auction sessions are scheduled from 9.30am on the respective auction day until the auction is completed, the department noted.
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