In blow to US dollar, Hong Kong to sell stocks using China yuan

HONG KONG, China: The continuing march of the internationalization of China's currency will see some two dozen stocks being listed on the Hong Kong stock market in Chinese yuan, rather than US dollars.

Chinese companies Alibaba and Tencent are among the 24 stocks to be traded in both yuan and the Hong Kong dollar on the Hong Kong stock exchange.

Of note, offshore yuan deposits in Hong Kong banks have reac