Eddie Yue: Advancing Research on Cross-Border Use of Digital Yuan in Hong Kong
On June 9, TuoniaoX.com reported that HKEX will launch the HKD-RMB dual counter model on the 19th of this month. HKMA Chief Executive Eddie Yue, speaking at the Caixin Summer Summit, stated that the HKD-RMB dual counter model will soon be launched to facilitate stock issuers and investors in conducting RMB stock trading in Hong Kong. Additionally, he indicated efforts to attract more financial institutions or other enterprises to conduct RMB financing and issue dim sum bonds in Hong Kong. Last year, the total amount of dim sum bonds issued in Hong Kong reached RMB 330 billion, doubling from 2021.
On June 9, TuoniaoX.com reported that HKEX will launch the HKD-RMB dual counter model on the 19th of this month. HKMA Chief Executive Eddie Yue, speaking at the Caixin Summer Summit, stated that the HKD-RMB dual counter model will soon be launched to facilitate stock issuers and investors in conducting RMB stock trading in Hong Kong. Additionally, he indicated efforts to attract more financial institutions or other enterprises to conduct RMB financing and issue dim sum bonds in Hong Kong. Last year, the total amount of dim sum bonds issued in Hong Kong reached RMB 330 billion, doubling from 2021.
Moving forward, the HKMA will continue research with mainland regulatory authorities, such as launching offshore government bond futures in Hong Kong to provide investors with more diversified risk management tools, making Hong Kong's offshore RMB financial market more mature while advancing research on the cross-border use of digital yuan in Hong Kong. (Hong Kong Economic Times)