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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

Tests in restricted areas end

The Government announced that the compulsory testing exercises and enforcement operations for the restricted areas in Yau Ma Tei and Mong Kok finished today.   One preliminary positive case was found in the Yau Ma Tei restricted area and the Centre for Health Protection will arrange follow-up action.   While no new confirmed cases were found in Mong Kok, three relevant close contacts there have been transferred to quarantine centres.   After the compulsory testing exercises, people in the restricted areas who can present SMS notifications with negative test results or are wearing wristbands as proof of having undergone testing can leave the areas.   The Government exercised the power under the Prevention & Control of Disease (Compulsory Testing for Certain Persons) Regulation on February 4 to make restriction-testing declarations, requiring people within the two restricted areas to stay in their premises and undergo compulsory testing.   They had to stay in their homes until all people in the areas were tested and the results were mostly ascertained.   Additionally, the Government issued compulsory testing notices to those who had been at these buildings for more than two hours from January 22 to February 4 to undergo compulsory testing before February 6 even if they were not in the restricted areas when the declaration took effect.   It set up temporary specimen collection stations at the restricted areas and requested people subject to mandatory testing to have their combined nasal and throat swab samples collected for COVID-19 testing.   Around 2,160 residents in the Yau Ma Tei restricted area and more than 70 in Mong Kok were tested.   Enforcement actions were carried out immediately after the compulsory testing exercises to verify that all people in the restricted areas were tested.   Ninty-nine people in the Yau Ma Tei restricted area who did not undergo mandatory testing were each issued a fixed $5,000 penalty and a compulsory testing order.   Meanwhile, the Government assigned staff to visit around 1,232 households in the two restricted areas, of which 247 did not answer the door. Some of them are possibly vacant units.   Those who did not answer the door are urged to contact the Government to arrange testing as soon as possible.
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