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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

Postage fees to be adjusted

Hongkong Post announced today that it will adjust its principal postage rates from September 26.   The postage increase for about 80% of local mail will be within $0.30 and local letters weighing 30 grams or less will rise from $2 to $2.20.   For air mail, the cost to mail letters of 20g or less to the Mainland and Taiwan will rise from $3.40 to $3.70, while those to other places will increase from $3.70-$5 to $4-$5.50.   For surface mail to the Mainland, Macau and Taiwan, postage for letters of 20g or less will be adjusted from $2.60 to $2.80, while those to other places will rise from $3.20-$4.80 to $3.50-$5.30.   The department said the postage adjustments are broadly in line with the cumulative inflation since the last adjustments in January 2018 up to September 2022.   Click here for details.
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