Hong Kong Stock Connect CNY Direct Buy

June 8, 2023

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The “Hong Kong Dollar-RMB Dual Counter Mode” will be launched on the 19th of this month. Yao Jiaren, co-chief operating officer and head of equity securities of HKEx (00388), revealed that he plans to increase dual counter securities in stages, and the next step will be to include RMB counter-securities in the “Hong Kong Stock Connect” and allow for mainland investors to use onshore RMB (CNY) directly to go south to buy and sell related shares. Currently, mainland investors need to exchange currencies when buying and selling Hong Kong stocks through “Hong Kong Stock Connect”. With RMB…



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