Hong Kong is one step closer towards trading and clearing yuan-denominated securities.
Hong Kong Exchanges and Clearing, Ltd. (HKEx) will hold a simulation in March, the aim of which is mainly to test the readiness of market participants, said HKEx spokeswoman Lorraine Chan.
The test will facilitate the listing of Cheung Kong’s planned 1.5-billion-U.S.-dollar yuan-denominated real estate investment trust, the first yuan IPO in Hong Kong, which is expected to happen in April this year.
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