The People's Bank of China, the Hong Kong Monetary Authority and the Securities and Futures Commission have jointly welcomed the collaboration between the China Foreign Exchange Trade System and Hong Kong Exchanges and Clearing Limited to develop an electronic fixed income and currency trading platform in Hong Kong. The FIC Trading Platform is presented as a next-generation venue for local and international institutions and as one of the key initiatives under Hong Kong's 2025 Roadmap for the Development of FIC Markets. The platform is intended to follow international market standards and practices while meeting Hong Kong regulatory requirements. It is also designed to support open and fair market access for international institutions, broaden product and service offerings, align with the wider development of Hong Kong's financial ecosystem, and improve trading efficiency and transparency, price discovery, transaction costs and technological innovation in financial services. Further details, including the launch timeline for the FIC Trading Platform, will be announced in due course.