The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly published Hong Kong’s Roadmap for the Development of Fixed Income and Currency (FIC) Markets, setting out a programme of initiatives intended to strengthen demand, liquidity and innovation in the city’s FIC markets and support its positioning as a global hub. The Roadmap groups 10 initiatives under four pillars: primary market issuance, secondary market liquidity, offshore renminbi (RMB) business, and next-generation infrastructure. It is intended to guide the SFC’s and HKMA’s policy making and implementation in the coming years, building on existing market foundations by attracting issuers to use Hong Kong for fund-raising and by providing issuers and investors with risk and liquidity management tools, while also seeking to expand offshore RMB usage and liquidity and develop infrastructure to facilitate market innovation. Alongside the publication, the two regulators co-hosted the Fixed Income and Currency Forum 2025 to facilitate further dialogue with market participants. The full Roadmap was made available on the SFC’s and HKMA’s websites.
Hong Kong Securities & Futures Commission 2025-09-25
Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority unveil roadmap to develop fixed income and currency markets
The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority released a Roadmap for Fixed Income and Currency Markets, outlining initiatives to enhance demand, liquidity, and innovation. It includes 10 initiatives under four pillars: primary market issuance, secondary market liquidity, offshore renminbi business, and next-generation infrastructure. The regulators also co-hosted the Fixed Income and Currency Forum 2025 to engage with market participants.