The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that he believes de-dollarization will not occur, and that the US dollar will remain an important international currency for the next 10 to 20 years. A large part of international trade will still rely on the US dollar, but as China's economic ties with the world strengthen, the RMB will gradually become one of the majo...
HKEX's CEO Nicolas Aguzin expressed during an interview with The Paper that the official launch of the HKD-RMB Dual Counter Model is an exciting innovation that transforms Hong Kong into the world's first market to implement a dual-currency counter structure. Such an innovative operational model should further solidify Hong Kong's position as the world's largest offshore RMB ...
HKD/USD Forum
The $USD/CNH(USDCNH.FX)$ one-month volatility rose to 5.29% with risk reversals touching a one-week high.
$USD/CNY(USDCNY.FX)$ $CNY/USD(CNYUSD.FX)$ $HKD/USD(HKDUSD.FX)$ $USD/HKD(USDHKD.FX)$ $HKD/CNY(HKDCNY.FX)$ $Hang Seng Index(800000.HK)$ $Hang Seng H-Share Index ETF(02828.HK)$ $iShares MSCI China ETF(MCHI.US)$
- RMB dominated trading
- 401K like schemes
- Homecoming of China Tech shares
- Goldman, Morgan Stanley, etc. getting wealth management licenses etc.
$HKEX(00388.HK)$ $HONG KONG EXCHANGE(HKXCY.US)$ $USD/HKD(USDHKD.FX)$ $HKD/USD(HKDUSD.FX)$ $CNY/USD(CNYUSD.FX)$ $USD/CNY(USDCNY.FX)$ $BABA-SW(09988.HK)$ $Alibaba(BABA.US)$ $JD.com(JD.US)$ $JD-SW(09618.HK)$ $Goldman Sachs(GS.US)$ $Morgan Stanley(MS.US)$
A large part of international trade will still rely on the US dollar, but as China's economic ties with the world strengthen, the RMB will gradually become one of the majo...
June 19, Mon, 2 bln
June 20, Tue, 2 bln
June 21, Wed, 2 bln
June 25, Sun, 44 bln
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Total 50 bln yuan 7-day RRP.
*June 22-23 Dragon Boat Festival holiday, no RRP due.
$CNY/USD(CNYUSD.FX)$ $USD/CNY(USDCNY.FX)$ $USD/HKD(USDHKD.FX)$ $HKD/USD(HKDUSD.FX)$ $CNY/HKD(CNYHKD.FX)$ $HKD/CNY(HKDCNY.FX)$ $HKEX(00388.HK)$ $HONG KONG EXCHANGE(HKXCY.US)$ $BIDU-SW(09888.HK)$ $JD-SW(09618.HK)$ $TENCENT(00700.HK)$
$Alibaba(BABA.US)$ HK$4.3m
$Tencent(TCEHY.US)$ HK$36.6m
$JD.com(JD.US)$ HK$1.8m
$Meituan(ADR)(MPNGF.US)$ HK$9.3m
With the exception of Tencent, the interest in RMB-denominated shares from HK/foreign investors is not substantial. We still await the inclusion of these RMB counters in the Stock Connect. $SZ->HK Connect(LIST1922.HK)$ $SH->HK Connect(GangGuTong.HK)$
...
Such an innovative operational model should further solidify Hong Kong's position as the world's largest offshore RMB ...
$HKD/CNY(HKDCNY.FX)$ $CNY/HKD(CNYHKD.FX)$ $USD/HKD(USDHKD.FX)$ $HKD/USD(HKDUSD.FX)$
$KraneShares CSI China Internet ETF(KWEB.US)$ $Hang Seng H-Share Index ETF(02828.HK)$ $Hang Seng Index(800000.HK)$ $HKD/USD(HKDUSD.FX)$ $USD/HKD(USDHKD.FX)$ $CNY/USD(CNYUSD.FX)$ $USD/CNY(USDCNY.FX)$ $CNH/USD(CNHUSD.FX)$ $USD/CNH(USDCNH.FX)$
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