Hong Kong to add yuan trading counter to Stock Connect by July 1 next year

  • Hong Kong’s SFC announced a yuan trading counter will join Stock Connect.
  • The arrangement is due before July 1 next year and aims to reduce conversion costs.
  • CMU OmniClear is developing a platform targeting CBDC settlement by year-end.

Hong Kong’s Securities and Futures Commission said a yuan trading counter will be added to Stock Connect before July 1 next year, allowing mainland investors to buy and sell Hong Kong-listed shares directly in renminbi. The arrangement is intended to streamline cross-border investment flows and reduce currency-conversion costs. Separately, the Hong Kong Monetary Authority said CMU OmniClear, a joint venture with Hong Kong Exchanges and Clearing, is developing a digital-asset platform targeting settlement using central bank digital currency by year-end. The platform will also explore interoperability with tokenized deposits and compliant stablecoins.

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