Alibaba's addition of RMB counters in Hong Kong takes effect today. Investors can choose RMB for trading

Alibaba Group's application for the addition of RMB counters has officially come into effect, and the company will have counters denominated in Hong Kong dollars and RMB, becoming one of the first batch of securities designated by the Hong Kong Stock Exchange as the "Hong Kong dollar RMB dual counter model".

After joining the dual counter model, Alibaba Group's stock was given a RMB stock code -89988 Alibaba SWR. After the dual counter model takes effect, investors can choose to trade in either Hong Kong dollars or Chinese yuan.