Under the new scheme, foreign investors will get a chance to trade yuan-denominated shares in 24 Hong Kong-listed companies. (Source photos by Kenji Kawase and AP)

Hong Kong's yuan share-trading scheme debuts at difficult time

Chinese currency's fall undercuts effort to promote use by foreign investors

KENJI KAWASE and ECHO WONG, Nikkei staff writers

June 19, 2023 06:04 JST

HONG KONG -- Hong Kong's new scheme for trading yuan-denominated shares makes its debut on Monday at a difficult time, with the falling value of the Chinese currency undercutting efforts to promote its use in international finance.

Under the new system, foreign investors will get a chance to trade yuan-denominated shares in 24 Hong Kong-listed companies, mainly Chinese tech names like Tencent, Alibaba and Meituan.