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The Hong Kong Stock Exchange Announces the First Batch of 21 Double Counter Securities

2023-06-06   

On the 5th, the Hong Kong Stock Exchange announced that 21 securities, including Hang Seng Bank Limited and Sun Hung Kai Real Estate Development Limited, will become dual counter securities on the day of the launch of the "Hong Kong dollar RMB dual counter model". The Hong Kong Stock Exchange stated that the dual counter model will be launched on the 19th, and more securities may be accepted and added to the dual counter securities list. At the same time, the Hong Kong Stock Exchange also released a list of double counter merchants. Nine exchange participants, including Bank of China International Securities Co., Ltd. and China International Finance Hong Kong Securities Co., Ltd., have obtained dual counter banker licenses and can engage in banker activities or provide liquidity activities after the dual counter model is launched. In the dual counter model, investors can exchange Hong Kong dollar over-the-counter securities and RMB over-the-counter securities issued by the same issuer. The securities under two counters belong to the same class of securities, so the securities on both counters can be converted to each other without changing their beneficial ownership. (New News Agency)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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