The joint operating director of the Hong Kong Stock Exchange and the head of stock securities Yao Jiaren said on Tuesday (June 27) that the number of securities of the Hong Kong dollar counters and the RMB counter will be studied in the next step.Pass.
According to the Sing Tao Daily, Yao Jiaren said on the "Podcast" channel HKEXVOice that the "Hong Kong dollar-RMB dual counter model" is an important part of the development of the RMB ecosystem of Hong Kong.In the future, the increase in Hong Kong Stock Connect's increase in RMB stock trading counter will attract more mainland investors to participate in the Hong Kong market through an interconnection mechanism and use RMB to buy and sell Hong Kong stocks.
Yao Jiaren said that Hong Kong is the world's first offshore RMB market. The Hong Kong Stock Exchange introduced offshore RMB products as early as 2010.Over the years, the offshore RMB market in Hong Kong has been developing steadily, covering various products such as fixed income, equity securities, real estate investment trust funds (REITs), and exchanges.
