In this article
Hopewell Highway's RMB shares (80737) drain to HKD counter (737)
That sucking sound you hear is the noise of Hopewell Highway's RMB-traded shares (80737) draining away as people convert them to the HKD-traded counter (0737). After 6 days, 15% of the stock in CCASS has moved to the other counter. This is the first RMB-traded ordinary share, and it underlines the pointlessness of trading with a non-convertible currency in an international market like HK.
- HONG KONG EXCHANGES AND CLEARING LIMITED
- Shenzhen Investment Holdings Bay Area Development Company Limited (KY)