Property News · September 14, 2017

Hong Kong’s ex-central banker calls for dual-currency stock prices to shield city from risks


Hong Kong’s former de facto central banker has proposed expanding the use of the Hong Kong dollar and the renminbi for trading equities on the city’s bourse, adopting a dual-currency system to ensure the local currency’s stability and protect the monetary system against global currency flows.
“It may be wise to make it conveniently possible for stocks listed in Hong Kong to be priced, traded and settled in the renminbi as well as in Hong Kong dollar,” according to…

Source : South China Morning Post
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