Hong Kong Exchanges and Clearing, the operator of the Hong Kong stock exchange, is exploring whether to provide renminbi on a limited basis to Hong Kong dollar investors to facilitate trading in forthcoming RMB equity products, its head of market development, Romnesh Lamba, told a conference yesterday.
Addressing an audience at Bank of America-Merrill Lynch’s RMB Internationalisation Day at the JW Marriot Hotel in Hong Kong, Lamba pointed out that any move by the HKEx to offer RMB liquidity support is targeted at aftermarket trading on an ongoing basis”.
“For the initial round of IPOs, RMB liquidity may have to come from the brokers and underwriters, who need to work with...
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