Hong Kong's Yuan Trading Scheme Boosts $1.9 Trillion Stock Market

Hong Kong is launching a new program allowing investors to trade equities in the yuan on top of its local currency, in a bid to revive its flagging stock market and boost turnover that’s hovering at a four-year low. The HKD-RMB Dual Counter Model will give traders the option to buy and sell some of the financial hub’s biggest-listed stocks using the yuan, including Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Mobile Ltd. The initiative can draw more buyers by minimizing exchange-rate risk and solidify the yuan’s growing status as an international currency.