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RMB internationalisation to accelerate

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With the launch of the new Dual-Counter Model, it is encouraging to see that 24 companies will be offering their shares in both the Hong Kong dollar and the renminbi (RMB). Many of them, to be sure, are highly sought-after stocks with promising liquidity, accounting for, as alluded earlier to by Gucho (Hong Kong Exchanges & Clearing Chief Executive Nicolas Aguzin), around 40% of the average daily turnover of our stock market. Their participation is clearly a vote of confidence for the new offering.   This is certainly good news for local and global offshore RMB holders as the regime offers more diversified investment options.   For those who have yet to join, I look forward to welcoming you to the Dual-Counter family soon enough.   While some may say that the first RMB listing in Hong Kong took place more than 10 years ago, and there are plenty of RMB securities such as exchange-traded funds and debt instruments on the market, the new Dual-Counter Model offers much excitement
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Testing compliance checks done

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The Government today completed enforcement operations at Block 6 of Hanford Garden in Tuen Mun and Goldwin Heights at 2 Seymour Road in Mid-Levels, which were earlier included in compulsory testing notices.   The Civil Service Bureau conducted the Tuen Mun enforcement action from around 8.30am to 11.30am, while the Central & Western District Office carried out the Mid-Levels operation from around 8am to 11am.   Both actions were conducted together with Police and the Department of Health.   The Government arranged for staff to verify the testing certifications of people subject to compulsory testing at the buildings’ entrances and exits.   During the operations, the test records of about 200 people in Block 6 of Hanford Garden and about 430 people in Goldwin Heights were checked.   As a result, seven people in total were found to have violated the compulsory testing notice and were issued with a compulsory testing order.    A fixed penalty notice of $10,000 was also iss
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Where is Hong Kong?

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Positioned at the mouth of the Pearl River Delta on the coast of southern China, Hong Kong’s geographical position as a gateway between the East and West has made it an attractive centre for international trade. As a reflection of this, the heart of Asia’s world city has always been the bustling and beautiful Victoria Harbour. Hong Kong’s 1,104-square-kilometer area comprises Hong Kong Island, which lies to the south of the harbour, the Kowloon Peninsula, which forms its northern shores, the New Territories to the north of Kowloon, which stretch all the way to Mainland China, and more than 200 outlying islands, including Lantau Island, where Hong Kong International Airport is located. Google Maps : https://goo.gl/maps/zRm8Rjxm5eR2
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