HONG KONG : The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks' trading volume on Monday, as interest in using the new currency option was dwarfed by the Hong Kong dollar.
The top-three yuan counters that were most actively traded in terms of number of shares traded were CNOOC, which rose 1.4 per cent to 10.38 yuan; China Mobile, which rose 1.9 per cent to 59 yuan; and Geely Auto, up 0.6 per cent at 9.1 yuan. A total of HK$177 million worth of yuan shares were traded on Monday, according to the HKEX, compared to HK$29 billion traded across their Hong Kong-dollar counters.
But the HKEX is working with Chinese regulators to allow mainland investors to eventually participate via the Stock Connect investment channel that connects the Hong Kong, Shanghai, and Shenzhen stock exchanges.