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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

Encourage staff to get vaccinated: CE

(To watch the full media session with sign language interpretation, click here.)   Enterprises should require employees to get vaccinated against COVID-19 so that Hong Kong could build up a defence promptly to enable the Government to relax social distancing measures that will benefit businesses.   Chief Executive Carrie Lam made the statement ahead of today’s Executive Council meeting and stressed that raising the COVID-19 vaccination rate serves the interest of the business community.   “Encouraging, promoting or even urging enterprises and corporations to require their staff to (get) vaccinated (against COVID-19) is one of the strategies to raise the vaccination rate. I do not think we need to provide sort of tangible incentives for the private sector.   “It is to their own benefit to require their employees to be vaccinated so that Hong Kong could build up this defence as soon as possible to enable the Government to decide on more relaxations that they want to see - relaxations in the form of allowing more people or tourists to come in, relaxation in terms of the social distancing measures - so that they could do more business.   “So there is a common objective between the business world and the Hong Kong Special Administrative Region Government to increase the vaccination rate.   “But if they want a very strong and clear message from the Government, I am now giving that very strong signal and message that they should move into the situation of requiring their employees to be vaccinated.”   Mrs Lam added that for employees who are unable to or refuse to get vaccinated, they should at least be required to produce a negative COVID-19 test result on a regular basis.
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