HKEX’s dual-counter model creates investment option for city’s trillion-yuan deposits, boosts currency hub status

“The yuan has turned from a domestic currency into a more internationally accepted unit, thanks to the Central government’s reforms over the past two decades which allowed the use of the yuan to settle trade, make investments and buy insurance products,” Chan said.A view of the Hong Kong Exchanges and Clearing (HKEX) building in Central on 23 February 2023. Photo: Jonathan WongThe currency may be on the cusp of another transformational phase after the Hong Kong Exchanges and Clearing’s..