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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

Social distancing rules maintained

The Government today announced that it will maintain the social distancing measures currently in place for 14 days starting August 5.   The Food & Health Bureau noted that the Delta mutant strain ravaging the world has posed incredible challenges to local anti-epidemic efforts.   There is a need for Hong Kong to build up double barriers against COVID-19 by strengthening measures on preventing the importation of cases and enhancing the vaccination rate, the bureau noted.   The existing social distancing measures will be maintained for 14 days before significant progress can be achieved.   Meanwhile, taking into account the operational risk of catering businesses, especially the fact that customers do not wear a mask when consuming food or drinks within the premises, the Government will tighten the testing requirement for staff of catering businesses which adopt the Type B Mode of Operation within August.   The staff will be required to undergo more frequent testing, from the current requirement of testing once every 14 days to testing once every seven days.   Fully vaccinated staff will be regarded as having complied with the testing requirement.   Details will be announced in due course, the bureau added.
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