Joint announcement from the People's Bank of China, the Hong Kong Monetary Authority, and the Securities and Futures Commission of Hong Kong: Welcome the collaboration between the Foreign Exchange Trading Center and the Hong Kong Stock Exchange to establish an electronic fixed income and currency trading platform in Hong Kong.

The People's Bank of China, the Hong Kong Monetary Authority (HKMA), and the Securities and Futures Commission (SFC) of Hong Kong jointly announced that they welcome the collaboration between the China Foreign Exchange Trading Center and HKEX to establish a Hong Kong electronic fixed income and currency trading platform (trading platform) to further deepen the cooperation between the financial markets in the two regions, and to consolidate and enhance Hong Kong's status as an international financial center and hub for offshore Renminbi business. The SFC and HKMA announced the "Roadmap for the Development of the Fixed Income and Currency Markets" in 2025, with support for the development of the next generation of electronic trading platforms being one of the key measures. The trading platform, based in Hong Kong and targeting international markets, will provide an open, fair, efficient, and stable fixed income and currency trading platform. The basic principles include: 1. Adherence to international market standards and practices, and compliance with relevant regulatory requirements in Hong Kong. 2. Commitment to building an open and fair market, providing comprehensive product services for global investors. 3. Development in coordination with the local financial ecosystem and development goals. 4. Market-oriented approach, responding to market needs, enhancing trading efficiency and transparency, promoting effective price discovery, reducing trading costs, and exploring technological innovation to empower financial services. Details regarding the launch of the trading platform will be announced in due course. This article was sourced from the official website of the People's Bank of China and edited by GMTEight. Edited by: Liu Jiayin.