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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

Quarantine arrangements clarified

Comments describing the latest compulsory quarantine arrangements for overseas arrivals at Hong Kong as a relaxation were made out of misunderstanding, the Government said today.   In its response, the Government explained that it has all along been adopting stringent border control measures with a science-based approach, including multiple tests prior to boarding flights, on arrival, during and after the quarantine periods. Such measures are adjusted when appropriate.   On August 2, it announced the strengthening of border control measures to build an anti-epidemic barrier.   Under the latest arrangements that took effect from August 9, the Group A or high-risk specified places were reorganised from the original Group A1 and Group A2 specified places.   None of these places was adjusted downward as a Group B specified place, thus no extremely high-risk or very high-risk places were made medium-risk places, the Government stressed.   Only fully vaccinated Hong Kong residents with a recognised vaccination record and their accompanied children aged below 12 are allowed to board flights for Hong Kong from high-risk places under the latest arrangements.   Upon arrival, they are subject to the test and hold arrangement at the airport. Then they can proceed to a designated quarantine hotel to undergo compulsory quarantine for 21 days only if their test results are negative, during which they must undergo four tests.   They are also required to undergo compulsory testing in a community testing centre on the 26th day of arrival in Hong Kong.   As for Group B or medium-risk specified places under the latest arrangements, they comprise the original Group B and Group C specified places, where compulsory quarantine and testing requirements remain unchanged. There is no relaxation on quarantine arrangements for people arriving from these places.   The Government added that the latest arrangements further strengthened relevant boarding and testing requirements.   Now all people arriving from overseas places must comply with the requirement of undergoing a COVID-19 nucleic acid test within 72 hours prior to boarding a flight to Hong Kong. Vaccinated people are also required to undergo additional compulsory tests after the quarantine period.   The Government said it will continue to closely monitor the epidemic situation of different places and consider a basket of factors under the risk-based principle to adjust the boarding, quarantine and testing requirements for people arriving in the city from relevant places based on risk levels as the situation warrants.
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