<<——This new dual-counter model allows for certain stocks on the HKEX to be priced in both the Chinese CBDC (the e-CNY) and the HKD. This new HKD:e-CNY dual-counter model easily allows for global financial firms to more consistently and easily convert USD to the e-CNY via the HKD/USD peg and to decrease the difference between price bids in HKD and the e-CNY on the HKEX
this is also intended to increase internationalization of the e-CNY and the securitization and tokenization of assets, especially securities