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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

Doctor registration pathway mooted

(To watch the full press conference with sign language interpretation, click here.)   The Government will introduce the Medical Registration (Amendment) Bill 2021 into the Legislative Council to create a new pathway for admission of qualified non-locally trained doctors to practise in Hong Kong.   Secretary for Food &Health Prof Sophia Chan told at a press conference this afternoon there is a severe shortage of doctors in Hong Kong.   According to the Healthcare Manpower Projection 2020 conducted by the Food & Health Bureau, the projected shortfall of doctors will reach 1,610 in 2030 and 1,949 in 2040.   Prof Chan said the Government sees an imminent case to create a new pathway for qualified non-locally trained doctors to obtain full registration in Hong Kong as an alternative to the current pathway of passing the Licensing Examination.   She pointed out that a non-locally trained doctor has to be a Hong Kong permanent resident and fulfil certain criteria.   “The assessment at work is only one of the assessments to determine the competence and also the standard of the candidate.     “As I reiterated earlier, the candidate would have to first, get his or her medical degree from a medical school in the list that is accredited.   “Second, he or she would have to get medical registration in the place where (the medical school they studied is located).   “And third, they would have to get a job from the employer, that is the public healthcare sector - the Hospital Authority, Department of Health, or the two universities’ (the University of Hong Kong and the Chinese University of Hong Kong) medical schools, and obviously there are on-the-job assessments.”   For the purpose of determining the list of recognised medical qualifications awarded by non-local medical schools, the bill also stipulates that a statutory Special Registration Committee be established.   The committee will determine the list of recognised medical qualifications taking into account the medium of instruction and the curriculum of the medical programmes concerned, international rankings of the non-local medical schools and any other aspects deemed appropriate, Prof Chan added.   The bill will be gazetted on May 21 and will then be introduced into LegCo on June 2.
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