Explainer-What is Hong Kong's new dual HKD/RMB share counter?

HONG KONG : The Hong Kong stock exchange will start offering yuan-denominated Chinese stocks from Monday in what it calls a dual counter, a scheme that is seen as part of China's efforts to increase the yuan's use overseas.Ultimately, the Hong Kong Exchanges & Clearing aims to enable mainland investors to trade yuan stocks listed in Hong Kong using their onshore yuan.

The yuan counter will be listed separately under a different, 5-digit stock code that begins with"8"; while the Hong Kong dollar counter will follow a 5-digit number starting with a"0". Yuan holders in China's trading partner countries, such as Russia, Pakistan and the Middle East, could also be potential investors.

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