Chen Maobo: Full speed to promote the inclusion of RMB counters in Hong Kong Stock Connect
2025-02-26 03:51:18
On February 26, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, said today (26th) that in order to promote more stocks to be traded in RMB and enhance market liquidity, the mainland and Hong Kong are making full-speed technical preparations for the implementation of RMB trading desks into the Hong Kong Stock Connect. In addition, the Hong Kong Stock Exchange is promoting the single-share multi-counter arrangement, including the use of the same international securities identifier for dual-counter stocks, to improve the efficiency of transaction settlement. The SAR government has also made preparations for the payment of stock stamp duty in RMB for RMB counter transactions, and hopes to propose legislation next year.
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