Jinshi data news on February 26th, Financial Secretary of the Hong Kong Special Administrative Region Government, Mr. Paul Chan Mo-po, stated 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 inclusion of RMB trading counters in the Stock Connect. In addition, HKEX is advancing the arrangement of single stock with multiple counters, including the use of the same International Securities Identification Number for dual counter stocks to enhance trading Settlement efficiency. The SAR Government has also made preparations for RMB counter trading to pay stock stamp duty in RMB, and hopes to propose legislative suggestions next year.
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Chen Maobo: Full speed ahead for RMB to be included in the Hong Kong Stock Connect
Jinshi data news on February 26th, Financial Secretary of the Hong Kong Special Administrative Region Government, Mr. Paul Chan Mo-po, stated 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 inclusion of RMB trading counters in the Stock Connect. In addition, HKEX is advancing the arrangement of single stock with multiple counters, including the use of the same International Securities Identification Number for dual counter stocks to enhance trading Settlement efficiency. The SAR Government has also made preparations for RMB counter trading to pay stock stamp duty in RMB, and hopes to propose legislative suggestions next year.