HKEX Submits Application to Launch RMB Counter for Trading of HKEX Shares

Following the announcement of plans in December 2022 to offer a dual counter trading model which will allow investors to interchange securities listed in both Hong Kong Dollar (HKD) and Renminbi counters, the Hong Kong Exchanges and Clearing Limited (HKEX) has now published another press statement in this context. Specifically, the HKEX informs that it has now applied with Hong Kong regulators to launch the „Renminbi (RMB) counter for trading of HKEX shares“. Further announcements will be made in due course.
The launch of the dual counter trading model will provide additional flexibility to investors in their trading of HKD or Renminbi denominated securities and likewise benefit issuers by being able to draw from a greater investor base. For more information, the HKEX refers to its corresponding website and to a circular issued late last year on this subject.