Hong Kong's yuan-denominated counter may be included in the southbound leg of the Stock Connect program within this year, The Standard reported June 13, citing Securities and Futures Commission CEO Julia Leung.
The move would facilitate yuan settlement in trading in Hong Kong, according to the report.
The Hong Kong Exchanges and Clearing (HKG:0388) launched the dual counter model in June 2023, allowing investors to trade stocks in both Hong Kong dollars and yuan.
As of August 2024, 24 companies, including Tencent (HKG:0700) and Alibaba (HKG:9988), have adopted the model, The Standard wrote, citing HKEX data.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。