The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) have officially launched a direct linkage between Hong Kong’s Central Moneymarkets Unit (CMU), operated by CMU OmniClear Limited, and Macao’s central securities depository (CSD), operated by Macao Central Securities Depository and Clearing Limited. The connection is intended to support bond market development in both jurisdictions by linking their market infrastructures. The linkage provides a cross-border investment and financing channel that is designed to let investors in Hong Kong and Macao access each other’s bond markets more easily and efficiently. The authorities said they jointly developed business arrangements and operational procedures following a prior announcement on 16 September 2024, and AMCM described this as Macao’s first bond market infrastructure connectivity with a CSD outside Macao, with a view to enabling broader international investor participation.
Hong Kong Monetary Authority 2025-01-21
Hong Kong Monetary Authority and Monetary Authority of Macao launch direct linkage between Hong Kong’s Central Moneymarkets Unit and Macao’s central securities depository
The Hong Kong Monetary Authority and the Monetary Authority of Macao have launched a direct linkage between Hong Kong’s Central Moneymarkets Unit and Macao’s central securities depository. This connection aims to enhance bond market development by facilitating cross-border investment and financing between the two jurisdictions. It marks Macao's first bond market infrastructure connectivity with a central securities depository outside Macao.