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Dual Trading In HKD, CNY Securities Targeted For H1 2023 - Caixin

CHINA PRESS
MNI (BEIJING)

Investors will be able to seamlessly interchange securities listed in both HKD and RMB later in H1 this year, offering a greater choice in trading currency and better liquidity for investors, according to Caixin. Plans submitted for regulatory approval by the Hong Kong Exchanges and Clearing Limited (HKEx) would improve Hong Kong’s position as a leading offshore yuan center and support the process of yuan internationalisation. It would also lead to increased liquidity and give firms more channels to obtain capital, according to the paper.

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

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