Hong Kong Stock Exchange to introduce dual counter trading model from H1 2023

 

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The Hong Kong Stock Exchange said it would introduce a new dual counter trading model from the first half of 2023 where investors will be able to interchange securities listed in both Hong Kong dollar and RMB counters.

The exchange will also establish a program in its securities market to support the liquidity of RMB counters and reduce price discrepancies between the two counters, the bourse said.

“These and other initiatives will help further facilitate and attract dual counter listings,” said Wilfred Yiu, chief operating officer of Hong Kong Exchanges and Clearing (HKEX).

“HKEX is committed to supporting the internationalisation of RMB and further elevating Hong Kong’s role as the world’s premier offshore RMB hub.”