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HKEX Approves 21 Companies, Including Alibaba and Tencent, to Operate Yuan Share Trading Counters

HKEX Approves 21 Companies, Including Alibaba and Tencent, to Operate Yuan Share Trading Counters

The Hong Kong Stock Exchange (HKEX) has approved 21 companies, including Alibaba, Tencent, and Sun Hung Kai, to operate yuan share trading counters starting on June 19.
These firms represent 35% of Hong Kong's total market capitalization.

Nine companies, including BOCI Securities, CICC, and CLSA, have been appointed as market makers.

Local investors with yuan deposits in Hong Kong are expected to use these trading counters for better returns.
#Alibaba 
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