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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

Foreign policy talk held

The Civil Service Bureau today held a thematic talk on the country's foreign policies.   The talk on the topic of China-US relations and the future of Hong Kong was delivered by Office of the Commissioner of the Ministry of Foreign Affairs in the Hong Kong Special Administrative Region Deputy Commissioner Yang Yirui.   Addressing the talk, Secretary for the Civil Service Patrick Nip said the country has entered a new era of development and, with the remarkable achievements made on various fronts including the economic, social, cultural, sports and technological fronts, the country has also grown significantly in international standing.   “Notwithstanding the increasingly sophisticated international landscape, including China-US relations, the country remains committed to a foreign policy of peace and to the path of peaceful development. The country is also committed to building a new type of international relations and a human community with a shared future. Splendid results have been achieved.”   Mr Nip noted that with the implementation of the National Security Law and improvements to the electoral system, Hong Kong can stay true to the original aspiration in implementing the principle of “one country, two systems” and is back on the right track.   Hong Kong is entering a time of transformation from chaos to stability and further to prosperity, he added.   “Under the National 14th Five-Year Plan, the central authorities give Hong Kong further support in consolidating and strengthening its competitive advantages, establishing itself as a functional platform for the Belt & Road Initiative, and building a high-quality Guangdong-Hong Kong-Macao Greater Bay Area.   “The plan also supports Hong Kong to foster co-operation and exchanges with countries and regions around the world.   “As said by the Chief Executive, Hong Kong will continue to leverage on its advantages under 'one country, two systems' and proactively become a participant in domestic circulation and a facilitator in international circulation, and make our contributions to the country's Belt & Road Initiative.”   Mr Nip also stressed that the civil service, as the backbone of the Hong Kong SAR Government, should acquire a better understanding of the national development strategy and the evolving international landscape to act in better accord with the country's future development and address the new expectations for Hong Kong under the national plan.   Around 400 directorate, middle and senior rank civil servants attended the talk. In view of the large number of participants, some took part through a simulcast at the Civil Service Training & Development Institute at North Point Government Offices.
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