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.

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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