Renminbi's Role in Revitalizing Hong Kong's Financial Markets

Renminbi's Role in Revitalizing Hong Kong's Financial Markets

Renminbi's Role in Revitalizing Hong Kong's Financial Markets China has announced support for a new renminbi trading counter under a stock connect scheme, allowing mainland investors for the first time to trade Hong Kong-listed stocks using the yuan. This development aims to bolster ties between the markets and elevate the international standing of the renminbi.Speaking at the Global Financial Leaders' Investment Summit, China Securities Regulat…