Tencent applies for dual counter trading on Hong Kong exchange
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
TENCENT Holdings said on Friday (Mar 31) the video game company has applied for a dual currency counter with the Hong Kong Stock Exchange to allow investors to trade its shares in the yuan, in addition to the Hong Kong dollar.
The stock exchange said in December it will introduce a new dual counter trading model from the first half of 2023.
Other Hong Kong-listed companies such as insurer AIA Group have also applied for a dual currency counter with the Hong Kong exchange.
The launch of the dual currency counter is aimed at further advancing the internationalisation of the Chinese yuan, the Hong Kong bourse operator said earlier this month. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
