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124 COVID-19 cases reported

The Centre for Health Protection today said it is investigating 124 additional COVID-19 cases. More cases were detected in Kwai Chung Estate. There are also more than 70 preliminary positive cases.   Among the newly reported cases, 33 are related to Kwai Chung Estate, bringing the total number of positive and preliminary positive cases in the estate to 276.   One more positive case was found after an earlier confirmed case occurred at Glory Court, Tsuen Wan Garden, both of them live in units 5 but on two different floors. The centre has co-ordinated with related government departments and conducted an inspection today.    It was preliminarily considered that vertical transmission of virus via pipes is involved.   The centre will issue quarantine orders to residents of unit 5 on all floors of the building who resided there during the incubation period of the relevant cases and transfer them to a quarantine facility.   As it is possible that virus might be ejected from the open

Futures contract approval welcomed

The Hong Kong Special Administrative Region Government welcomed the announcement made by the Securities & Futures Commission today about the approval for Hong Kong Exchanges & Clearing to launch the MSCI China A-share index futures contract in the city.   Chief Executive Carrie Lam thanked the central government for its support during the process.   She noted that with the central government’s support, a number of mutual capital market access schemes were successfully launched over the past years.   Launching the A-shares index futures contract will expand the product scope offering in Hong Kong’s capital markets, strengthen the city’s offshore renminbi businesses and deepen the collaboration between the two capital markets.   This would contribute to the further development of the Mainland’s capital market towards internationalisation, demonstrating that Hong Kong can fully leverage its advantages and integrate into the national development.   Mrs Lam said: “I would like to express deep appreciation to the central government for supporting Hong Kong to reinforce its status as an international financial centre, and will continue to implement the targets laid down in the National 14th Five-Year Plan.”   Financial Secretary Paul Chan thanked regulators of the two places for their efforts in taking forward and implementing the initiative.   He pointed out that the futures contract to be launched by Hong Kong Exchanges & Clearing would be an offshore A-share index futures product formally approved by the Mainland authorities.   It could serve as a useful risk management tool for offshore investors participating in the A-share market while broadening the offering of financial products in Hong Kong at the same time.   Mr Chan said launching the product will further reinforce Hong Kong’s function as a global offshore renminbi business hub, an international asset management centre and a risk management centre as outlined in the National 14th Five-Year Plan.   It would also enhance Hong Kong’s competitiveness as an international financial centre, he added.
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