RMB trading of Hong Kong stocks will be implemented by July next year, and the Xunqing settleme… — Makala Kamili na Usomaji Unaohusiana

PANews reported on September 24 that according to Caixin.com, the Hong Kong Securities Regulatory Commission announced that the inclusion of RMB counters in Southbound Trading will be implemented before July 1 next year. By then, mainland investors can directly trade Hong Kong stocks in RMB. In addition, President Yu Weiman of the Hong Kong Monetary Authority announced that CMU OmniClear, jointly held by the Hong Kong Monetary Authority and the Hong Kong Stock Exchange, is building a cutting-edge digital asset platform, with the goal of enabling the platform to support settlement with central bank digital currency (CBDC) by the end of the year, and explore interconnection with tokenized deposits and compliant stablecoins.

RMB trading of Hong Kong stocks will be implemented by July next year, and the Xunqing settlement digital asset platform plans to support CBDC settlement

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