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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

Cultural body board chair reappointed

The Government announced that Chief Executive Carrie Lam has reappointed Henry Tang as Chairman of the Board of the West Kowloon Cultural District Authority.   His appointment is for another two years starting October 1 and the notice was gazetted today.   Mrs Lam said the West Kowloon Cultural District has seen remarkable progress in the past two years, establishing itself as a new cultural landmark in the city.   She pointed out that in addition to the Xiqu Centre, Freespace and the Art Park, two world-class museums, the M+ Museum and the Hong Kong Palace Museum, will open in the near future.   “I have every confidence that under Mr Tang’s capable leadership, the West Kowloon Cultural District will be playing a key part in Hong Kong’s development as a hub for arts and cultural exchanges between China and the rest of the world, a goal set out in the National 14th Five-Year Plan.”   The board is responsible for the planning, development, operation and maintenance of the West Kowloon Cultural District’s arts and cultural facilities and related facilities.
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