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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

Trade art stamps to be issued

Hongkong Post will launch a special stamp issue and associated philatelic products on the theme Hong Kong Museums Collection - 19th Century China Trade Paintings with the Museum of Art on May 25.   The department said this follows the success of its collaboration with the museum for the Hong Kong Museums Collection last year.   The special issue includes a set of six stamps and two stamp sheetlets which showcase people's lives and customs as well as the landscapes of Guangzhou and Hong Kong, where merchants converged in the 19th century, giving stamp lovers a glimpse of these scenes in miniature.   The associated philatelic products include a collector pack which has a set of six stamps, two stamp sheetlets of $10 and $20 each, a serviced first day cover and two serviced collector covers.   The two collector covers are not for sale separately, the department added.   Advance orders can be made through the ShopThruPost website.
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