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HK marathon gets 'M' Mark

The Major Sports Events Committee today announced that it has awarded the "M" Mark status to the 25th Standard Chartered Hong Kong Marathon to be held on February 12.   The committee's Chairman Wilfred Ng said the event will add colour and vibrancy to Hong Kong, like all other "M" Mark events.   “The 'M' Mark events showcase Hong Kong's capability to host world-class events and enhance Hong Kong's position as a centre for major international sports activities.   “These events also allow the general public to enjoy and participate in high-level competitions and nurture a sustainable sporting culture in the community,” he added.   Launched in 2004, the "M" Mark system aims to help local national sports associations organise more major international sports events and nurture them into sustainable undertakings. http://dlvr.it/Sj0HBF

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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