top of page

Hong Kong’s yuan stock trading awaits mainland regulator’s sign-off

The Hong Kong Exchanges and Clearing (HKEX) is set to launch yuan-denominated stock trading to cater to investors in Shanghai and Shenzhen. Final clearances from regulators in mainland China are expected in the second half of the year, according to reports. Hong Kong is largely ready to accommodate trading of shares in the Chinese currency via the southbound Stock Connect link, but bourses in the mainland and clearing houses need more time for testing and final preparations. The process, however, is being slowed by the pandemic situation and lockdown in Shanghai. The move will give incoming Hong Kong leader John Lee Ka-chiu potentially his first financial achievement after he is installed in July.

Comments


bottom of page