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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

Top prosecutor appointed

The Department of Justice announced today that Principal Government Counsel Maggie Yang has been appointed Director of Public Prosecutions to oversee its Prosecutions Division.   The Director of Public Prosecutions is responsible for directing public prosecutions and advising on the development, enforcement and implementation of criminal law. Ms Yang was selected for the position through a promotion and open recruitment exercise.   Welcoming the appointment, Secretary for Justice Teresa Cheng said Ms Yang is well qualified to take forward the Prosecutions Division’s important work with her solid professional knowledge and experience in criminal law and strong leadership skills.   She also described Ms Yang as a lawyer of outstanding abilities and integrity.   “I am confident that she is competent to lead the Prosecutions Division to rise to the challenges ahead and discharge her role as the Director of Public Prosecutions in a fair and impartial manner.”   Click here for Ms Yang’s biography.
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