Lates News

On September 17, Carrie Lam, the Chief Executive of the Hong Kong Special Administrative Region, delivered the 2025 Policy Address in the Legislative Council. Lam stated that the Hong Kong government will continue to strengthen Hong Kong's position as a bond center, and will enhance financial infrastructure including collaborating with the Hong Kong Monetary Authority's CMU OmniClear and the Hong Kong Stock Exchange to research allowing investors to centrally manage and cross-collateralize different assets such as stocks and bonds on a single platform, promoting different "interconnection" mechanisms. They will also establish connections with markets in Switzerland, the United Arab Emirates, and other places, and promote the use of offshore Chinese government bonds as collateral in different clearinghouses to further enrich the usage scenarios of Renminbi assets. The Securities and Futures Commission of Hong Kong is also studying the feasibility of establishing and operating a bond electronic trading platform created by the market, and actively promoting the establishment of a commercial repo market and a central counterparty system in Hong Kong to enhance market liquidity.