[Inclusion of RMB Counter in Stock Connect to Be Implemented Before July Next Year, CMU Digital Asset Platform to Support CBDC Settlement]
The Hong Kong Securities and Futures Commission announced that the inclusion of the RMB counter in Stock Connect will be implemented before July 1 next year, allowing mainland investors to directly trade Hong Kong stocks using RMB. Hong Kong Monetary Authority Chief Executive Eddie Yue announced that CMU OmniClear is building a digital asset platform, aiming to support CBDC settlement by the end of the year and exploring interoperability with tokenized deposits and compliant stablecoins. (Source: Caixin)