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Kowloon Central 3D map launched

The Lands Department today launched the 3D Visualisation Map dataset of Kowloon Central and an online application platform Open3Dhk for the public to use free of charge.   To tie in with the development of a smart city, the department started the production of a citywide 3D Visualisation Map in 2021 for release in phases. The first 3D Visualisation Map covering Kowloon East was launched in December 2022.   The Kowloon Central 3D map released today comprises around 9,500 buildings and about 210 individual models of infrastructures, including flyovers, footbridges and subways. It can be downloaded through the Common Spatial Data Infrastructure portal.   Open3Dhk, an online platform transforming a variety of spatial data into user-friendly applications which can support diverse uses by the public, the academia and professionals was also launched today.   Through the interactive functions on the platform, users can view photorealistic 3D city models of Kowloon East and Kowloon Cent

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 gradually enhance its dual-currency stock market to be denominated and traded in both Hong Kong dollars and RMB.”   Furthermore, he pointed out that promoting the issuance and trading of RMB stocks in Hong Kong will take RMB internationalisation to the next level, catering for the escalating demands from global investors for RMB asset allocation and further consolidating the city's status as an offshore RMB business hub.   The Government will continue to assist the issuers in setting up RMB trading counters and actively take forward the implementation work with relevant Mainland institutions, he added.   The Financial Services & the Treasury Bureau briefed the LegCo Panel on Financial Affairs on the legislative proposal to exempt the stamp duty on stock transfers for specified transactions conducted by market makers for dual-counter stocks, so as to promote the liquidity of RMB-denominated stocks and price efficiency, and facilitate trading by investors.   The Government is preparing the legislative amendments with a view to introducing the bill into LegCo within this year.
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