HYCM UK Swings to £236,304 Loss in 2025 as Costs Outpace Revenue Growth
HYCM Capital Markets (UK) Limited reported a £236,304 loss for 2025, as higher administrative costs offset a small rise in revenue and reversed the previous year’s profit.
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Abstract:In an effort to bolster the accessibility and liquidity of the Renminbi (RMB) ecosystem, Hong Kong Exchanges and Clearing Limited (HKEX) unveiled its newly launched Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model and Dual Counter Market Making Programme within its securities market.

In an effort to bolster the accessibility and liquidity of the Renminbi (RMB) ecosystem, Hong Kong Exchanges and Clearing Limited (HKEX) unveiled its newly launched Hong Kong Dollar (HKD)-Renminbi (RMB) Dual Counter Model and Dual Counter Market Making Programme within its securities market.
At its inauguration, a total of 24 Hong Kong-listed companies, which account for 40% of the average daily turnover in the cash equities market, will partake in trading and transactions as Dual Counter securities. These securities will be available in both HKD and RMB counters. Moreover, nine Exchange Participants have joined the Dual Counter Market Making programme as market makers.
Nicolas Aguzin, the Chief Executive Officer of HKEX, expressed his enthusiasm for the development, stating, “The ongoing internationalization of the RMB will be a defining characteristic of global markets in the coming decade. At HKEX, we are delighted to take another stride forward in establishing a liquid and accessible RMB ecosystem. The introduction of the Dual Counter initiative is the latest addition to our comprehensive suite of RMB products, offering investors greater choice and companies an additional channel to tap into the Hong Kong offshore RMB pool.”
Under the new Dual Counter Model, designated shares listed in both HKD and RMB counters can be traded and settled in either RMB or HKD. Market makers participating in the Dual Counter Market Making programme for eligible shares will provide continuous buy and sell quotes for securities in the RMB counter. This initiative aims to enhance liquidity for HKD-RMB Dual Counter securities trading and minimize any potential price discrepancies between the two counters.
The implementation of this model serves as a foundation for future development, specifically to facilitate Mainland China investors' trading of Hong Kong-listed RMB securities through Southbound Stock Connect.

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HYCM Capital Markets (UK) Limited reported a £236,304 loss for 2025, as higher administrative costs offset a small rise in revenue and reversed the previous year’s profit.

As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.

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