CX Briefing: Yuan Trading of Hong Kong Stocks Expected for Mainland Investors

A rundown of the news making headlines in and around China:

Yuan trading: Chinese mainland investors are expected to be able to trade Hong Kong stocks directly in yuan by the end of the year following an update to the Stock Connect program. The head of Hong Kong’s securities regulator announced the expected timing for the addition of yuan-denominated counters to the trading link on Friday at the 2025 Caixin Summer Summit. The addition will build on the HKD-RMB Dual Counter Model launched in 2023 that allows investors to trade certain Hong Kong-listed equities in the yuan on top of the local currency. The announcement comes as a surge of capital from the mainland has been a key driver of the Hong Kong stock market’s recent recovery.