Mainland investors to trade Hong Kong stocks in RMB by July 2025; CMU platform eyes CBDC settlement

The Hong Kong Securities and Futures Commission announced that the inclusion of an RMB counter in the Stock Connect program will be implemented by July 1, 2025, allowing mainland investors to trade Hong Kong stocks directly in RMB. Additionally, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, stated that the CMU OmniClear platform is developing a digital asset infrastructure aimed at supporting CBDC settlement by the end of the year, while exploring interoperability with tokenized deposits and compliant stablecoins.