Kuaishou Technology, the Chinese short-video platform operator that competes with ByteDance’s Douyin, has applied to trade its shares on the Hong Kong stock exchange’s upcoming dual-currency counter through which investors will be able to buy stocks in either the local dollar or the yuan.
The Beijing-based company made the announcement in an exchange filing to the Hong Kong bourse on Wednesday night, without providing more details. Hong Kong Exchanges and Clearing (HKEX), which operates the stock exchange, will announce the starting date for the new counter in due course, it said.
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