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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

Storm signal downgraded

The Hong Kong Observatory has downgraded the storm signal from No. 8 to No. 3, as tropical cyclone Ma-on moves away from the city.   The No. 8 Southeast Gale or Storm Signal, issued at 1.40am, was replaced by the Strong Wind Signal No. 3 at 9.20am today.   The Hospital Authority said one person sought medical treatment at a public hospital due to an injury sustained during the typhoon.   The 1823 Government Call Centre, as at 9am, received four reports of fallen trees, while the Drainage Services Department confirmed one flooding case.   The Home Affairs Department opened 31 temporary shelters in which 141 people sought refuge.
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