HKEX reattempts HKD-RMB dual counter model

The move reduces exchange-rate risk and could encourage the accumulation of renminbi funds overseas over time, observers believe.

Sara Velezmoro

June 20, 2023

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.

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