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Central counterparty, known as CCP, is a type of financial market infrastructure, which takes on counterparty credit risk between parties to a transaction and thereby ensures the performance of open contracts. It becomes the counterparty to the buyer and the seller and guarantees the terms of a trade even if one party defaults on the agreement.
Central SOEs and their affiliates must try to meet their requirements for additional capital through stock-market instruments and sales of asset ownership.
Chan said that he's confident that the future operation of the XRL will become financially healthy by the end of a 50-year operation period.
Chan added that it is time to give play to Hong Kong's fiscal reserves in mitigating the impact of economic downturn on employment and livelihood with massive counter-cyclical support measures.
Chan also said from July 29 onwards, people from high-risk countries will have to provide negative nucleic acid test results and hotel reservation information before boarding fights to Hong Kong.
来源：资阳报