Jun 20, 2023 02:46 AM

FINANCE

HKEX Launches Yuan Counter for Trading of Hong Kong-Listed Shares

By Wen Simin and Denise Jia

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Hong Kong Financial Secretary Paul Chan Mo-po at the launch ceremony of the HKEX’s new dual-currency counter model on June 19, 2023.

Hong Kong Financial Secretary Paul Chan Mo-po at the launch ceremony of the HKEX’s new dual-currency counter model on June 19, 2023.

The Hong Kong Stock Exchange (HKEX) launched its new dual-currency counter Monday, and the first batch of 24 stocks had a total turnover of 163 million yuan ($22.9 million) on the first day.

The Hong Kong Dollar-yuan dual-currency counter allows investors to trade and settle designated shares in Hong Kong or mainland China currency, offering the potential to access new liquidity.

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