Hong Kong to enable RMB stock trading by July; CMU OmniClear explores CBDC settlement
The Hong Kong Securities and Futures Commission announced that RMB counters will be integrated into the Stock Connect program by July 1, allowing mainland investors to trade Hong Kong stocks in RMB. Additionally, the Hong Kong Monetary Authority is developing a digital asset platform through CMU OmniClear, aiming to support CBDC settlement by year-end.
Summaries are written by AI from the original article. Not investment advice.