Hong Kong Exchanges and Clearing (HKEX): After the market closes on September 5th, the exchange rate reduction rate between the Renminbi and the Hong Kong Dollar, as well as between the Renminbi and the US Dollar, will remain at 2.6%

On September 3rd, the Hong Kong Exchanges and Clearing (HKEX) announced that according to the Central Clearing System Operating Procedures Rules Sections 10.10.1 and 10.10A.1, the exchange rate deduction rate for Renminbi to Hong Kong Dollar and Renminbi to US Dollar will remain at 2.6% after the market closes on September 5, 2025. This deduction rate will apply to settlement participants who choose to pay any margin calls, deposits, and collateral requirements in Hong Kong Dollars or US Dollars for transactions settled in Renminbi, and vice versa. Settlement participants should make the necessary funding arrangements to meet any related requirements adjusted by the Renminbi deduction rate. Meanwhile, according to the Central Clearing System Operating Procedures Rules Sections 10.10.1 and 10.10A.1, the exchange rate deduction rate for US Dollar to Hong Kong Dollar will be revised from 0.7% to 1% after the market closes on September 5, 2025. The announcement also mentioned that the Renminbi deduction rate applicable to accepting Hong Kong Dollars or US Dollars as collateral for the early use of frozen securities under the China Connect Securities will remain at 3.7% starting from September 5, 2025