The Securities and Futures Commission and the Hong Kong Monetary Authority jointly published Hong Kong’s Roadmap for the Development of Fixed Income and Currency Markets, setting out a programme intended to strengthen demand, liquidity and innovation and position Hong Kong as a global fixed income and currency hub. The Roadmap sets out 10 proposed initiatives across four pillars: primary market issuance, secondary market liquidity, offshore renminbi business, and next-generation infrastructure. It aims to attract more issuers to use Hong Kong as a fund-raising centre, expand risk and liquidity management tools for issuers and investors, boost offshore renminbi usage and liquidity, and develop infrastructure to support market innovation. Developed in close consultation with industry stakeholders, the Roadmap is intended to guide the regulators’ policy making and implementation in coming years. The SFC and HKMA also co-hosted the Fixed Income and Currency Forum 2025 to facilitate further dialogue with market participants.
Hong Kong Monetary Authority 2025-09-25
Hong Kong Monetary Authority and Securities and Futures Commission unveil roadmap with 10 initiatives to develop Hong Kong’s fixed income and currency markets
The Hong Kong Monetary Authority and the Securities and Futures Commission published Hong Kong’s Roadmap for the Development of Fixed Income and Currency Markets, aiming to position Hong Kong as a global hub. The Roadmap outlines 10 initiatives across primary market issuance, secondary market liquidity, offshore renminbi business, and next-generation infrastructure. It seeks to enhance demand, liquidity, and innovation, guided by industry stakeholders.