Move to boost yuan globalization - People's Daily Online
The launch ceremony for the Hong Kong dollar-renminbi Dual Counter Model in Hong Kong on Monday. CA
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The launch ceremony for the Hong Kong dollar-renminbi Dual Counter Model in Hong Kong on Monday. CA
HONG KONG : The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks' trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar. Hong Kong Exchanges & Clearing began the so-called HKD/R
Investors in Hong Kong will soon be able to trade selected Hong Kong stocks in both the Hong Kong dollar and Chinese yuan in the so-called dual counter scheme.
Investors in Hong Kong will soon be able to trade selected Hong Kong stocks in both the Hong Kong dollar and Chinese yuan in the so-called dual counter scheme.
Investors can now trade shares in either HKD or RMB in 24 companies representing $1.5 trillion in market value.