RMB double-counter stocks rose collectively. As of press time, Kuaishou-WR (81024) rose 6.21% to HK$44.5; Meituan-WR (83690) rose 5.75% to HK$98.45; JD Group-SWR (89618) rose 5.22% to HK$97.8; and Tencent Holdings-R (80700) rose 2.63% to HK$304.
The Zhitong Finance App learned that RMB double counter stocks rose collectively. As of press release, Kuaishou-WR (81024) rose 6.21% to HK$44.5; Meituan-WR (83690) rose 5.75% to HK$98.45; JD Group-SWR (89618) rose 5.22% to HK$97.8; and Tencent Holdings-R (80700) rose 2.63% to HK$304.
According to the news, the China Securities Regulatory Commission announced 5 capital market cooperation measures with Hong Kong on April 19, including supporting the integration of RMB stock trading counters into Hong Kong Stock Connect. CICC said that overall, this change provides targeted countermeasures in response to the new changes and situations faced by the Hong Kong stock market in recent years, particularly problems such as insufficient market liquidity, declining financing attractiveness, and limited scope for mainland investors to invest.
Industry insiders believe that the “Hong Kong dollar-RMB double counter model” has been running smoothly for more than 10 months. After being included in the Hong Kong Stock Connect, southbound capital can directly purchase the Hong Kong Stock Exchange Standard denominated in RMB, which helps mainland investors save on exchange costs incurred during transactions and dividends. Over the long term, the number of RMB counter targets and participants will continue to increase, which will help increase its transaction activity and improve the construction of the RMB offshore ecosystem.