The Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model was launched in the Hong Kong stock market on 19 June 2023.
The first batch covers 24 companies[1] which already have their shares listed on the Main Board of the Hong Kong Stock Exchange and traded in HKD. Under the new model, investors may now also trade those shares by using their offshore RMB (that is, the RMB circulating outside Mainland China) on the RMB counter. The rights, entitlements, status and par value (if applicable) of the shares in both counters are the same. The difference lies in the currency with which the shares can be traded in each counter. All shares in either counter are fully interchangeable to another counter. A Dual Counter Market Making programme has been introduced in order to provide liquidity for the RMB counter and minimize price discrepancies between the two counters.
