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Hong Kong SFC Targets Yuan Trading Counter in Southbound Connect by July 2027

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Hong Kong's securities regulator aims to introduce a yuan trading counter under the southbound Stock Connect scheme by July 1 next year, as part of a broader plan to strengthen the city's yuan ecosystem and capital markets.

The SFC said it will also broaden yuan-denominated products, including exchange-traded funds and gold, currency and commodity futures.

The regulator plans to deepen mutual market access by enhancing existing connect schemes and aims to launch REIT connect in the first half of 2027.

The SFC outlined 29 measures that could be implemented within a year and another 22 longer-term initiatives, covering yuan markets, market connectivity and capital-market efficiency.

What else is happening in Asia?

Asia

Shenzhen Megmeet Electrical Buys Out 46.3% Stake in Subsidiary

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SHE:002851
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Zhejiang Wanliyang Appoints CFO

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SHE:002434
Asia

Carimin Petroleum Raises Stake in Sealink International to 25.3%

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KLSE:CARIMINKLSE:SEALINK