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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

HK to co-host National Games

Chief Executive Carrie Lam today welcomed the State Council's agreement for Guangdong, Hong Kong and Macau to host the 15th National Games in 2025.   Mrs Lam said after the city has achieved its best results in history at the Tokyo 2020 Olympic Games, Hong Kong co-hosting the National Games in 2025 is a significant move that will promote Hong Kong's sports development.   She also thanked the central government for its trust and support.   Mrs Lam added that the three places jointly hosting the National Games is very meaningful and in line with the goal of building a bay area for leisure and shaping a healthy bay area as presented in the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.   The Chief Executive said with the Kai Tak Sports Park to be commissioned in 2023 and the Hong Kong Velodrome and other sports facilities, the foundation is in place for Hong Kong to take part in the hosting of the National Games.   The Hong Kong Special Administrative Region Government will spare no effort to work closely with the relevant ministries of the central government, Guangdong and Macau on preparatory work and follow the central authorities' requirement of simple, safe and wonderful in conducting the Games, she added.   The National Games, held once every four years, is the nation's highest level and largest national mega sports event. The 14th National Games will be held in Shaanxi in September.
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