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

96k private flats forecast

The projected private flat supply for the next three to four years is 96,000 units, 3,000 more than the previous estimate.   The Transport & Housing Bureau today said there were 12,000 unsold units in completed projects at the end of June.   There were 57,000 units under construction, excluding those pre-sold by developers, and 27,000 units from disposed sites where construction can start any time.   The number of flats under construction in the second quarter was 4,300, while the number of units completed for the period was 6,700.
http://dlvr.it/S4kC4P

Popular Posts