On Monday, the Hong Kong Stock Exchange HKEX launched its Hong Kong dollar HKD-Chinese renminbi RMB dual counter model, which enables selected HKEX stocks to be traded and settled in either currency. The initiative was first announced in May.
Experts believe the scheme has the potential to draw more investors and boost trading on Hong Kong’s stock market, which according to media citing HKEX data, is at a four-year low. Last week, the bourse celebrated its twenty-third listing anniversary.
“Given the relevant lower interest rates in renminbi, dual counter trading has the capacity to boost stock market trading volume, as investors are now able to...
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