“双柜台模式”上线第二年，人民币柜台成交规模增幅近116%

Core Viewpoint - The "Hong Kong Dollar - Renminbi Dual Counter Model" has successfully completed two years of operation, enhancing trading flexibility for investors by allowing them to choose between two currencies for stock purchases [1][3]. Group 1: Dual Counter Model Overview - The dual counter model was officially launched on June 19, 2023, with 24 stocks including Tencent Holdings and Alibaba included in the program [1]. - The model allows selected stocks to be traded in both Hong Kong dollars and Renminbi, providing investors with the option to choose the currency that best suits their needs [1]. Group 2: Trading Volume and Performance - As of June 19, 2025, the trading volume for the 24 stocks in the Hong Kong dollar counter reached 523.97 billion HKD, while the Renminbi counter recorded a trading volume of 1.01 billion RMB [2]. - Over the past year, trading volumes for the 24 stocks have significantly increased, with the Hong Kong dollar counter seeing a year-on-year growth of over 193% and the Renminbi counter experiencing a growth of nearly 116% [3]. - The cumulative trading volume for the Hong Kong dollar counter since the model's launch is 22.52 trillion HKD, while the Renminbi counter has accumulated 491.8 billion RMB [2][3]. Group 3: Market Impact and Future Prospects - The dual counter model has contributed to the development of Hong Kong's offshore Renminbi market, enhancing its role as a major hub for Renminbi business [4]. - Regulatory authorities are actively working to include the Renminbi counter in the Stock Connect program, which is expected to enhance liquidity and reduce trading costs [4]. - The inclusion of the Renminbi counter in the Stock Connect is anticipated to further promote the internationalization of the Renminbi and improve the attractiveness of Renminbi-denominated assets [4].