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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

CE launches HK's first smart prison

Chief Executive Carrie Lam, accompanied by Correctional Services Commissioner Woo Ying-ming, today officiated at the smart prison launching ceremony at Tai Tam Gap Correctional Institution.   It was a minimum security institution before renovation. The Correctional Services Department started renovation works in 2019 to convert it into the first smart prison in Hong Kong.   The institution will be used for the detention of non-refoulement claimants when it resumes operation.   The smart prison comprises four major systems: the Security & Monitoring System, the Operation & Management System, the Persons in Custody Self-management System and the Staff Capacity Enhancement System.     Speaking at the ceremony, Mrs Lam said the department has kept abreast of the times. The conversion project at the institution has provided valuable experience and laid a good foundation for the long-term development of smart prison projects in future.   The department said it will continue to actively explore and develop different technology projects, continuously adding smart elements to modernise facilities and adopting humanised management.
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