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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

Testing compliance checks done

The Government today completed enforcement operations at Block 6 of Hanford Garden in Tuen Mun and Goldwin Heights at 2 Seymour Road in Mid-Levels, which were earlier included in compulsory testing notices.   The Civil Service Bureau conducted the Tuen Mun enforcement action from around 8.30am to 11.30am, while the Central & Western District Office carried out the Mid-Levels operation from around 8am to 11am.   Both actions were conducted together with Police and the Department of Health.   The Government arranged for staff to verify the testing certifications of people subject to compulsory testing at the buildings’ entrances and exits.   During the operations, the test records of about 200 people in Block 6 of Hanford Garden and about 430 people in Goldwin Heights were checked.   As a result, seven people in total were found to have violated the compulsory testing notice and were issued with a compulsory testing order.    A fixed penalty notice of $10,000 was also issued to four of them.
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