Skip to main content

Featured

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

Asset freeze explained

(To watch the full media session with sign language interpretation, click here.)   Secretary for Security John Lee today said notices issued last week for freezing of property in writing to freeze all the shares of Next Digital held by Jimmy Lai and the property in the local bank accounts of three companies owned by him are a national security matter and have nothing to do with press freedom.   Responding to reporters' questions, Mr Lee said: “Any activities that endanger national security will not be tolerated. Such activities, people or organisations will receive the full force of the law.”   Pursuant to Schedule 3 to the Implementation Rules for Article 43 of the National Security Law, where the Secretary for Security has reasonable grounds to suspect that any property held by any person is offence related property, the secretary may, by notice specifying the property, direct that a person must not deal with the property except under the authority of a licence granted by the secretary.   Mr Lee noted that issuing the notices aimed to prevent acts that endangered national security in accordance with the law and had no direct relation to the work of journalists.   “Endangering national security is a very serious crime. The Government’s position is very clear - we will make use of all legal measures to prevent, interdict and suppress such activities endangering national security. It is illegal activities that we are dealing with, not press work.”
http://dlvr.it/RzsmlK

Popular Posts