Hong Kong’s $1.9 trillion stocks await recovery from Yuan trading

Hong Kong is betting that a new program that allows investors to trade shares denominated in the yuan on top of its local currency will help revive its flagging stock market and boost turnover that is at a four-year low.

The stock exchange rolls out the so-called HKD-RMB Dual Counter Model on Monday to allow traders to buy and sell some of the financial hub’s largest listed stocks using the yuan, including Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Mobile Ltd. There are 24 companies on the list with a combined market capitalization equivalent to $1.9 trillion, or more than a third of the city’s total.

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