HKEx to launch renminbi secondary market facility to support IPOs

charles-li

The Hong Kong Exchange & Clearing (HKEx) is to launch a trade support facility (TSF) in the second half of this year that will enable investors to buy renminbi-denominated stocks, even if they are short of the Chinese currency. The move is designed to provide secondary market liquidity for the future listing of stocks in the Chinese currency amid a growing yet limited pool of offshore renminbi deposits in Hong Kong.

The exchange has held discussions with banks, custodians and brokers to build

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: