HK Bourse Plans Yuan Trading Test

The Hong Kong Exchanges & Clearing is seeking to test its yuan trading support facility in coming weeks.

The Hong Kong Exchanges & Clearing is seeking to test its yuan trading support facility in coming weeks, Bloomberg reports. According to its Chairman, Ronald Arculli, the exchange is open to tie-ups similar to the one between NYSE Euronext and Tokyo Stock Exchange on trade system links.

The bourse has over 20 initial public offerings approved by the listing board. The exchange had previously said that the simulation test for trading yuan products will be conducted on March 19 and March 20.

Click here for the story from Bloomberg.