Hong Kong’s $1.9 Trillion Stocks Expect a Boost from Yuan Trading

Hong Kong is betting that a new program that allows investors to trade shares in the yuan as well as their local currency will help revive its declining stock market and boost turnover near a four-year low.

The stock market is implementing the so-called HKD-RMB Double Counter Model on Monday to give traders the option to buy and sell some of the financial center’s largest listed shares using the yuan, including tencent holdings ltd., Alibaba Group Holding Ltd. and china mobile ltd There are 24 businesses on the list with a combined market value equal to $1.9 trillion, or more than a third of the city’s total.