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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

RMB sovereign bonds to be issued

The Hong Kong Special Administrative Region Government today welcomed the Ministry of Finance's plan to issue sovereign bonds totalling RMB20 billion in Hong Kong this year.   The ministry plans to issue renminbi sovereign bonds in three batches of RMB8 billion, RMB6 billion and RMB6 billion each.   The Hong Kong SAR Government noted this is the 13th consecutive year the ministry has circulated RMB sovereign bonds in Hong Kong.   It said this demonstrates clearly the central government's support in reinforcing Hong Kong's status as an international financial centre and the global offshore RMB business hub, and is conducive to promoting the sustainable development of Hong Kong's bond market.
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