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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

Railway project final report submitted

The Expert Adviser Team on the Shatin to Central Link (SCL) Project has submitted the final report to the Transport & Housing Bureau.   The report was uploaded to the bureau’s website today.   In the final report, the team put forward 42 recommendations for the continuous improvement of railway project management.   The Government said it agreed to the recommendations and is progressively implementing those related to the SCL Project.   For recommendations related to the Mass Transit Railway Corporation's project management system, the Government's monitoring measures and future railway projects, the Government will follow up with the MTR Corporation for implementation in future railway projects.   The bureau will continue to monitor the implementation of the expert adviser team's recommendations and review their effectiveness.   Secretary for Transport & Housing Frank Chan expressed gratitude to members of the expert adviser team for their sterling work and valuable advice on the SCL Project in the past two years, as well as their contribution in compiling the final report.   The expert adviser team was established in August 2018 to provide expert advice on the construction of the SCL Project, conduct an overall review of the corporation's project management system, and recommend additional management and monitoring measures to be undertaken by the corporation and government departments in taking forward the SCL Project.
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