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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

Govt strives for fair elections

The Constitutional & Mainland Affairs Bureau is working closely with the Electoral Affairs Commission to ensure the three upcoming important elections are conducted in a fair, open and honest manner.   Secretary for Constitutional & Mainland Affairs Erick Tsang made the statement in response to questions from legislator Starry Lee in the Legislative Council today, noting that two new offences have been introduced under the law.   One of the offences is the corrupt conduct to wilfully obstruct or prevent another person from voting at an election. The other offence is the illegal conduct to incite another person not to vote, to cast a blank or invalid vote by way of public activity during an election period.   The Independent Commission Against Corruption will pay close attention to conduct that may constitute manipulation of or sabotaging the elections, and take resolute law enforcement action to combat such illegal activities, Mr Tsang warned.   Since March, the bureau has allocated more than $16 million on activities to publicise the advantages, the necessity and urgency of improving Hong Kong’s electoral system as well as how the improved electoral system fully implements "patriots administering Hong Kong" and enhances the effectiveness of governance.   Meanwhile, bureau secretaries and department heads have explained the improved electoral system to various sectors in the community through their political platforms, blogs and media interviews.   The Chief Executive hosted a Radio Television Hong Kong TV discussion programme with guests from the 40 Election Committee subsectors to provide an in-depth explanation to the public on improving the electoral system.   Mr Tsang also noted that various government departments will work closely to formulate an appropriate security plan to deal with possible risks that may occur during one of the key upcoming polls, the 2021 Legislative Council General Election to be held on December 19.   Based on the risk assessments, Police will implement appropriate measures and make manpower arrangements in each polling station and its vicinity to enable the poll to be conducted safely, he added.
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