The New RMB Equity Trading Support Facility
12 May 2011
Mayer Brown JSM Legal Update
Hong Kong Exchanges and Clearing Limited intends to launch the new RMB Equity Trading Support Facility (TSF) as early as in the second half of 2011. Broadly speaking, the TSF allows investors to exchange Hong Kong dollars (HKD) for Renminbi (RMB) for the purpose of purchasing RMB-denominated shares in the secondary market. Upon the selling of the RMB-denominated shares, investors can get their money back in HKD.