Renminbi Trading of Hong Kong Stocks to Be Implemented Before July Next Year, Xunqing Settlement Platform Supports CBDC Settlement
The Hong Kong Securities and Futures Commission announced that the Renminbi counter will be included in the Stock Connect before July 1 next year, allowing mainland investors to directly trade Hong Kong stocks using Renminbi. Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that the CMU OmniClear is building a digital asset platform aimed at supporting central bank digital currency (CBDC) settlements by the end of the year and exploring interoperability with tokenized deposits and compliant stablecoins.
-- Price
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