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Hong Kong-listed stocks are about to be priced in yuan, giving China's currency another boost

June 19, 2023
Source: ca.finance.yahoo.com ca.finance.yahoo.com
News Snapshot:
The central district of Hong Kong. ANTHONY WALLACE/AFP via Getty Images Hong Kong-listed stocks will be priced in yuan on Monday, giving China's currency another boost. Two dozen stocks, including Alibaba and Tencent, will be traded in the yuan and the Hong Kong dollar. It comes as Beijing tries to internationalize the yuan and challenge the US dollar in global finance. Two dozen Hong Kong-listed stocks will be priced in the yuan on Monday, giving China's currency another boost in global finance. Alibaba and Tencent will be among the shares that will be traded in both yuan and the Hong...
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