I'm wondering if the dual counter RMB trading of HK-listed s...

I'm wondering if the dual counter RMB trading of HK-listed stocks has anything to do with the de-risking of major CN equities should the HKMA decide to abandon the HKD's peg to the USD, or even just the growing risk given monetary policy divergence. For foreign investors, owning RMB-denominated shares helps mitigate the risk of holding $BABA-W (09988.HK)$ $JD-SW (09618.HK)$ $BIDU-SW (09888.HK)$ $TENCENT (00700.HK)$ in Hong Kong.