JD.com submitted an application for the establishment of a RMB counter to the Hong Kong Stock Exchange

According to news from CTOnews.com on April 11, JD.com issued a notice on the Hong Kong Stock Exchange, submitting an application for the establishment of a RMB counter to support the SEHK's plan to introduce a Hong Kong dollar-RMB dual-counter model.

The notice shows:

The company's Class A common shares are currently traded, so they are denominated and traded in HK dollars. The company believes that the Hong Kong dollar-RMB dual-counter model will provide more investment flexibility and stock liquidity for shareholders and potential investors.

CTOnews.com learned that on December 13, 2022, the HKEx announced that its securities market would launch a "Hong Kong dollar-RMB dual-counter model" and a dual-counter market making mechanism to further support the listing, trading and settlement of RMB in Hong Kong. Since March this year, a number of Hong Kong listed companies have announced the submission of new RMB counter applications, including Tencent Group, Anta Sports and so on.