The Hong Kong Monetary Authority (HKMA) announced that CMU OmniClear Limited, a wholly owned subsidiary of the Exchange Fund, and Hong Kong Exchanges and Clearing Limited (HKEX) have signed a memorandum of understanding to deepen collaboration on enhancing the post-trade securities infrastructure of Hong Kong’s capital markets and to support the long-term development of the city’s fixed-income and currencies ecosystem. Under the MOU, the parties will explore cooperation to realise cross-asset class efficiencies across equities and fixed income, expand the use of Mainland bonds as collateral, strengthen Hong Kong’s role as a bond issuance centre, and develop an international central securities depository in Asia. HKMA Chief Executive Eddie Yue, chair of CMU OmniClear’s board, linked the initiative to accelerating the transformation of the Central Moneymarkets Unit into an ICSD in Asia, while HKEX Chief Executive Officer Bonnie Chan highlighted its focus on advancing Hong Kong’s fixed-income market and supporting RMB internationalisation. The MOU sets a framework for CMU OmniClear and HKEX to pursue the identified workstreams as part of their ongoing collaboration.
Hong Kong Monetary Authority 2025-03-04
Hong Kong Monetary Authority’s CMU OmniClear and HKEX sign MOU to enhance Hong Kong’s post-trade securities infrastructure
The Hong Kong Monetary Authority announced a memorandum of understanding between CMU OmniClear Limited and Hong Kong Exchanges and Clearing Limited to enhance Hong Kong's post-trade securities infrastructure. The collaboration aims to achieve cross-asset class efficiencies, expand the use of Mainland bonds as collateral, and develop an international central securities depository in Asia, linked to transforming the Central Moneymarkets Unit into an ICSD and advancing Hong Kong's fixed-income market.