General enquiries of Dual Tranche, Dual Counter Model
You may find the general enquiries of Dual Tranche, Dual Counter Model here.
The DTDC model allows offering and listing of two tranches of shares by the same issuer in different trading currencies (i.e. HKD and CNY). Both of the tranches, under the same class, will be traded on the Hong Kong Stock Exchange in HKD and RMB counters respectively. A stockholder who holds shares in one counter can transfer the shares to another counter.
The HKD counter shares use a 5-digit stock code starting with "0".
The RMB counter shares use a 5-digit stock code starting with "8".
The last four digits of the two stock codes will be the same.
You are required to have a packaged account, a securities account and a Renminbi savings account. Please note that no relevant trading order will be processed if there is an insufficient amount of CNY in the Renminbi savings account.
You can sell them in the RMB counter at any time, without having to wait for days to transfer the shares to the other counter beforehand.
You can perform the transaction either through our manned channel or automated channels. Please make yourself ready with the relevant stock codes and choose the currency to settle the transaction.
No, you have to do an FX transfer to your Renminbi savings account first before purchasing RMB shares.
HKD30 for each counter transfer.
The daily exchange limit of CNY20,000 will not apply to DTDC.
It depends on the dividend policy of the issuer.
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