April 26, 2023 – Page 5

Power Plants May Soon Have To Limit Their GHG Emissions

Electric / eMobility / eV
April 26, 2023

The Inflation Reduction Act includes language that classifies greenhouse gases as pollutants to be regulated by the EPA.

AIM EV Sport 01 Revealed As Light And Nimble Electric Sports Car

Electric / eMobility / eV
April 26, 2023

It was designed by the same man who signed off on the Isuzu Vehicross and Nissan GT-R.

AIM EV Sport 01 Revealed As Light And Nimble Electric Sports Car

Electric / eMobility / eV
April 26, 2023

It was designed by the same man who signed off on the Isuzu Vehicross and Nissan GT-R.

Investing In Climate Tech With MUUS Climate Partners

Electric / eMobility / eV
April 26, 2023

MUUS Climate Partners (MCP), the venture capital arm of MUUS & Co., announced the close of its $50 million MUUS Convergence Fund in March. Here at CleanTechnica, we write a lot about clean, renewable energy and sustainable technology, but not nearly as much about the investment perspective. How climate tech and cleantech companies get financing […]

Investing In Climate Tech With MUUS Climate Partners

Electric / eMobility / eV
April 26, 2023

MUUS Climate Partners (MCP), the venture capital arm of MUUS & Co., announced the close of its $50 million MUUS Convergence Fund in March. Here at CleanTechnica, we write a lot about clean, renewable energy and sustainable technology, but not nearly as much about the investment perspective. How climate tech and cleantech companies get financing […]

BYD applies for dual counter trading on Hong Kong exchange

BYD / BYD Stock / China / Electric / eMobility / eV
April 26, 2023

The dual-currency counter model will provide BYD shareholders and potential investors with a new trading currency option that could further enhance the liquidity of its shares, BYD said.

BYD applies for dual counter trading on Hong Kong exchange-CnEVPost

BYD Company Limited (1211.HK) has applied to the Hong Kong Stock Exchange (HKEX) for a dual-currency counter that would allow investors to trade its shares in RMB in addition to the Hong Kong dollar, according to a stock exchange announcement.

The move is intended to express support for the HKEX's introduction of a dual Hong Kong dollar-RMB counter model and the nationalization of the yuan, the new energy vehicle (NEV) giant said in the announcement today.

The HKEX said in December it would introduce the new dual-counter trading model starting in the first half of 2023.

Other companies listed in Hong Kong, including Baidu, Tencent, JD.com, and have also applied to the HKEX for dual currency counters.

The HKEX said last month that the dual-currency counter was introduced to further promote the internationalization of the yuan.

The dual-currency counter model will provide BYD shareholders and potential investors with a new choice of trading currency, enhancing trading convenience and flexibility while further enhancing the liquidity of its shares, BYD said.

With the launch of the dual-currency counter model, it will be possible for investors to purchase Hong Kong shares directly in RMB.

Previously, for investors participating in the Hong Kong-mainland stock connect mechanism, they had to bear the risk of exchange rate movements of RMB against Hong Kong dollar during their holding of Hong Kong stocks.

Introducing yuan pricing in the stock connect mechanism could reduce some of the exposure to exchange rate fluctuations in Hong Kong stock investments, CICC said in a research note last month.

It is also expected to allow the trading facility to attract more yuan funds, which in turn would boost trading activity and volume, CICC said.