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Analysts Expect Expansion Of HKD-RMB Counter

CHINA
MNI (BEIJING)

Analysts expect regulators in Hong Kong and Mainland China to expand the number of securities on the HKD-RMB dual counter, according to Yicai. Authorities have started the programme with 24 large cap companies, but will expand to smaller firms in the future. China will benefit from an acceleration of the yuan's internationalisation through the new counter. Analysts expect the programme next to allow mainland investors direct access to the Hong Kong stock market using yuan.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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