Hong Kong exchange launches HKD-RMB dual counter model

STORY: Hong Kong exchange launches HKD-RMB dual counter model DATELINE: June 20, 2023 LENGTH: 0:01:23 LOCATION: HONG KONG, China CATEGORY: ECONOMY SHOTLIST: 1. various of the launch ceremony 2. SOUNDBITE 1 (English): PAUL CHAN, Financial secretary of the HKSAR government 3. SOUNDBITE 2 (English): NICOLAS AGUZIN, HKEX Chief Executive Officer STORYLINE: Hong Kong Exchanges and Clearing Limited (HKEX) officially launched the Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model and the Dual Counter Market Making Program in its securities market on Monday. This new model and program will further support the trading and settlement of RMB-denominated securities in Hong Kong, according to the HKEX. Under the dual counter model, investors will be able to interchange securities listed in both HKD and RMB counters. Securities under the two counters are of the same class and holdings of securities in the two counters can be transferred without change of beneficial ownership. SOUNDBITE 1 (English): PAUL CHAN, F