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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

13 virus cases detected

(To watch the full media session with sign language interpretation, click here.)   More than 7,000 people in the restricted area in Jordan have undergone COVID-19 testing and so far 13 have preliminarily tested positive for the virus, the Government said today.    At a media session this evening, Secretary for Food & Health Prof Sophia Chan hailed the operation as effective and explained that the 13 cases detected in the compulsory testing exercise represent a positive rate of 0.17%.    “In fact, if you look at the percent positive rate and the Hong Kong Government’s testing strategy - that is the compulsory testing, the target group testing, plus the voluntary testing - the overall positivity rate is also about 0.17%. So it is similar.   “I think the compulsory testing and also the testing within an area with the restriction of movement are effective in identifying these cases, and also very quickly - as soon as possible - detecting as well as isolating these cases. Their close contacts will also be quarantined. So I think this is an effective method in this particular situation.”
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