The Monetary Authority of Macao (AMCM), together with the Hong Kong Monetary Authority (HKMA), supported the launch of a new direct network and connectivity service linking the Macao Central Securities Depository with Hong Kong’s Central Moneymarkets Unit (CMU). Co-organised by Macao Central Securities Depository and Clearing Company (MCSD) and CMU OmniClear Limited, the linkage connects Macao’s bond market infrastructure to an overseas central securities custody system. At the launch ceremony, AMCM highlighted the connection as a first for Macao’s bond market infrastructure and positioned it as a channel to facilitate international investor participation, including investors from Portuguese-speaking countries, in the Hong Kong and Macao bond markets. On the first operating day, four Macao-issued securities (denominated in RMB and USD) were settled through the new link with Hong Kong CMU members for a total of MOP 3.2 billion, and 18 transactions were completed, including secondary-market trades across securities held in the Macao CSD and Hong Kong CMU.
Monetary Authority of Macao 2025-01-21
Monetary Authority of Macao and Hong Kong Monetary Authority launch direct network link between Macao’s securities depository and Hong Kong’s Central Moneymarkets Unit
The Monetary Authority of Macao, in collaboration with the Hong Kong Monetary Authority, launched a direct network linking the Macao Central Securities Depository with Hong Kong’s Central Moneymarkets Unit. This connection, a first for Macao’s bond market infrastructure, aims to enhance international investor participation. On its first day, the link facilitated the settlement of four Macao-issued securities totaling MOP 3.2 billion.