Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of its HKD-RMB Dual Counter Model and Dual Counter Market Making Programme. This new initiative allows 24 Hong Kong-listed companies, representing 40% of the daily turnover of the cash equities market, to trade as Dual Counter securities, offering both HKD and RMB counters. Nine Exchange Participants have joined the Dual Counter Market Making programme as market makers to provide liquidity for HKD-RMB Dual Counter securities trading. The Model enables designated shares listed in both HKD and RMB counters to be traded and settled in either currency. This latest addition to HKEX’s suite of RMB products aims to support the ongoing internationalisation of the RMB and reinforce Hong Kong’s role as the preeminent global offshore RMB hub.