According to BlockBeats, Xu Zhengyu, the Director of the Hong Kong Financial Affairs and Treasury Bureau, announced on June 19 that this year marks the 10th anniversary of the interconnection between Hong Kong and mainland markets.
He stated that the Hong Kong stock market now has a Renminbi (RMB) counter, and 24 large-cap stocks can be traded in either Hong Kong dollars or RMB. Currently, close consultations are being held with mainland regulatory authorities to allow mainland investors to directly use RMB to purchase RMB stocks listed in Hong Kong, connecting the RMB counter to the Hong Kong Stock Connect.
This development signifies a significant milestone in the financial integration of the two markets, further facilitating cross-border investment and trading.