Xu Zhengyu: RMB counter will connect Hong Kong stocks with mainland investors are expected to directly use RMB to buy Hong Kong stocks

[Xu Zhengyu: RMB counter will connect Hong Kong stocks] mainland investors are expected to buy Hong Kong stocks directly with RMB]. At the 14th Lujiazui Forum today, Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative region Government, said that fluctuations in US dollar interest rates affect exchange rate trends, and different regions, including Asia, are actively considering more diversification in asset classes or allocation. RMB is a natural choice. On June 19 this year, the Hong Kong stock market launched a RMB counter. Stocks that account for 40% of the daily trading volume can also be traded in RMB in addition to Hong Kong dollars. In the next step, we will connect the RMB counter to the Hong Kong Stock Connect, so that the broad masses of mainland investors can buy Hong Kong stocks directly with RMB through the Hong Kong Stock Connect. (Wang Hong, reporter of the Financial Associated Press)