Wong Shiu Hoi expects little possibility of H shares trading in RMB

Hong Kong Exchanges and Clearing (0388) will not compel H shares to be traded in Hong Kong dollars from the end of this month. Analysts estimated that the action of HKEx was to prepare for attracting state-related stocks to be listed in Hong Kong market and HKEx was expected to permit H shares trading in RMB.

Nonetheless, Wong Shiu Hoi, managing director of Tai Fook Group (0665), said as the balance system could be handled in dollars already, it would be a tendency to trade H shares in dollars, too, and since RMB could not be changed freely at the present, it was unlikely to balance in RMB.

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