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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

Poultry imports banned

The Centre for Food Safety today suspended the import of poultry meat, poultry products and eggs from areas in Korea, Norway, the Netherlands, Poland and Japan.     The ban was issued in response to notifications from the World Organisation for Animal Health, the Polish General Veterinary Inspectorate and the Japanese Ministry of Agriculture, Forestry & Fisheries about the outbreaks of highly pathogenic H5N1 and H5 avian influenza, the centre explained.   The centre has contacted the Korean, Norwegian, Dutch, Polish and Japanese authorities and will monitor information from the organisation and the relevant authorities on the outbreaks.   In the first nine months of this year, Hong Kong imported about 10 tonnes of frozen poultry meat and 280,000 poultry eggs from Korea.   About 15 tonnes of frozen poultry meat were imported from Norway, while about 730 tonnes of frozen poultry meat were imported from the Netherlands.   Around 4,070 tonnes of frozen poultry meat and 24.82 million poultry eggs were imported from Poland.   Additionally, about 40 tonnes of chilled poultry meat, 2,530 tonnes of frozen poultry meat and 210.28 million poultry eggs were imported from Japan.
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