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ARTICLE · 14 JUNE 2011

The New RMB Equity Trading Support Facility - Update No. 1

Mayer Brown
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Further to our Legal Update entitled "The New RMB Equity Trading Support Facility" published on 12 May 2011, Hong Kong Exchanges and Clearing Limited (HKEx) issued updated Frequently Asked Questions (FAQ) on 30 May 2011 to reveal more details on the new facility.

Hong KongFinance and Banking
Jeckle Chiu
Jeckle Chiu
Juliana Lee
Juliana Lee
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Originally published June 10, 2011.

Keywords: RMB equity, trading support facility, TSF, exchange participants

Speed Read

Further to our Legal Update entitled " The New RMB Equity Trading Support Facility" published on 12 May 2011, Hong Kong Exchanges and Clearing Limited (HKEx) issued updated Frequently Asked Questions (FAQ) on 30 May 2011 to reveal more details on the new facility. As explained in our previous Legal Update, the major purpose of implementing the RMB Equity Trading Support Facility (TSF) is to provide a back-up facility so as to allow investors who wish to buy shares denominated in Reminbi (RMB) in the secondary market with Hong Kong Dollar (HKD) if they do not have sufficient RMB or have difficulty in obtaining RMB from other sources. HKEx intends to launch the facility in the second half of 2011.

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