Mr ou Guansheng, chief executive of HKEx: the dual-counter model will enrich RMB products and provide investors with more trading options

[Hong Kong Stock Exchange Chief Executive Officer ou Guansheng: dual-counter model will enrich RMB products and provide investors with more trading options]-- the Hong Kong Stock Exchange today launched the Hong Kong dollar-RMB dual-counter model (double-counter model) and dual-counter market making mechanism in the Hong Kong stock market. At the beginning of the launch of the dual-counter model, a total of 24 Hong Kong listed companies (accounting for about 40% of the average daily turnover in the spot stock market) provided both Hong Kong dollar counter and RMB counter securities for investors to trade, and nine exchange participants served as double-counter market makers. Ou Guansheng, chief executive of the Hong Kong Stock Exchange Group, said that today the Hong Kong Stock Exchange is very happy to take another step in building a RMB product ecosystem with abundant liquidity and convenient trading. The dual-counter model will enrich our RMB products, provide more trading options for investors, and provide a channel for companies to take advantage of the offshore RMB capital pool in Hong Kong.