HKMA: the "Hong Kong dollar-RMB dual-counter model" and the dual-counter market making mechanism will consolidate Hong Kong's role as a major offshore RMB business hub.

[Hong Kong Monetary Authority: "Hong Kong Dollar-RMB dual-counter Model" and dual-counter Market making Mechanism consolidate Hong Kong's role as a major offshore RMB business hub] the Hong Kong Monetary Authority said on June 6, welcome the launch of the "Hong Kong dollar-RMB dual-counter model" and the dual-counter market maker mechanism on June 19. Yu Weiwen, Chief Executive of the Hong Kong Monetary Authority, said: "the launch of the 'Hong Kong dollar-RMB dual-counter model' and the dual-counter market maker mechanism is an important step in the development of diversified RMB-denominated products in Hong Kong. The measures will facilitate the use of RMB in Hong Kong stock market transactions and broaden the range of RMB investment products, thereby strengthening Hong Kong's role as a major offshore RMB business hub. "