The Hong Kong Exchanges and Clearing Ltd (HKEX) officially launched the “Dual Counter Model” for Hong Kong Dollar (HKD) and Yuan (RMB) on June 19. This is intended to strengthen Hong Kong’s role as an international financial center by bringing more liquidity and vitality to the stock market.
Anta Sports announced that it has been designated as dual counter securities effective from the launch of the model. As such, the addition of a new RMB counter of the company has been effective since June 19, 2023. Shareholders of the company and potential investors can distinguish between the HKD counter and the RMB counter of Anta Sports based on share codes and share short names: ANTA SPORTS (stock code 02020) for the HKD counter and ANTA SPORTS-R (82020) for the RMB counter.
A total of 24 Hong Kong-listed companies, also including Alibaba Group, participated in the model launch and have since offered their shares for trading in both HKD and RMB. According to People’s Daily Online, these are highly sought-after stocks with high liquidity among mainland investors, accounting for about 40 percent of the average turnover on the Hong Kong Stock Exchange.
Image source: Ank Kumar via Wikimedia
