Hong Kong Exchanges and Clearing (HKEx), the local bourse operator, said on Wednesday that it plans to introduce a special facility in the second half of this year to encourage trading in RMB-denominated shares in the secondary market.

The RMB equity Trading Support Facility (TSF) will source RMB from one or more banks in Hong Kong by way of foreign exchange spot transactions and provide the RMB through its participating brokers who wish to buy RMB-denominated shares in the market, said Charles Li, chief executive of HKEx, in a statement released in the day.

The RMB-HKD exchange rate of the TSF, which is still waiting for regulatory approval, will be set on a commercial basis, Li said.

Trading in RMB-denominated shares is regarded important to the further development of the offshore RMB market in Hong Kong. To date, there are three RMB-denominated debt equities listed and available for trading on the exchange.

The listing of Hui Xian on April 29, a real estate investment trust owned by local billionaire Li Ka-shing, was seen as an important milestone as the first IPO and listing of RMB- denominated REIT.

"HKEx will continue to work closely with issuers, brokers and regulators on the introduction of other RMB-denominated products," Li said.

On Wednesday, HKEx also reported a net profit of 1.24 billion HK dollars (159.6 million U.S. dollars) of net profit in the first quarter this year, up 10 percent from a year ago. (1 U.S. dollar is equivalent to 7.77 HK dollars)