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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

DoJ rejects unfounded allegations

The Department of Justice (DoJ) said any unfair and unfounded allegation made to undermine and discredit Hong Kong’s independent criminal justice system will be vehemently refuted.   It made the statement today in response to media enquiries.   In the statement, the DoJ said it had instructed David Perry to prosecute a trial involving offences of organising and knowingly taking part in an unauthorised assembly under the Public Order Ordinance.   Mr Perry accepted the instruction and his ad hoc admission to the Hong Kong Bar was granted by the High Court’s Chief Judge on January 12.   Since then, there have been growing pressure and criticism from the UK community directed at Mr Perry for his involvement in this case, the statement said. Some of the ill-informed criticism conflated the matter with the National Security Law.   Mr Perry expressed concerns about such pressures and the exemption of quarantine, and indicated that the trial should proceed without him.   In light of the public interest involved and the imminent trial date, the DoJ has instructed another counsel to prosecute the trial as scheduled.   It stressed that as legal proceedings are ongoing, it is inappropriate for anyone to comment on the case as it is a matter of sub judice.   No one should embark upon baseless speculations, it added.
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