Core Viewpoint - The Hong Kong government aims to establish an internationally leading bond market, as outlined in the Chief Executive's Policy Address, with plans to enhance the city's bond trading activities and infrastructure [1] Group 1: Bond Market Development - The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) will present a roadmap at the inaugural "Hong Kong Fixed Income and Currency Forum" on September 25 [1] - The roadmap includes plans to unify trading platforms and strengthen bond market trading activities, leveraging Hong Kong's mature bond settlement and clearing capabilities [1] Group 2: Enhancing Hong Kong's Bond Center Status - The government is exploring various avenues to elevate Hong Kong's status as a bond center, including encouraging bond issuance in Hong Kong and facilitating secondary market transactions such as repos [1] - Initiatives to promote the internationalization of the Renminbi (RMB) and attract financial talent are also part of the roadmap [1] Group 3: RMB Business Funding Arrangements - The HKMA plans to utilize its currency swap agreement with the People's Bank of China to establish a new "RMB Business Funding Arrangement" to support the real economy's use of RMB [1] - The HKMA holds a quota of 800 billion RMB, with 100 billion RMB earmarked for "RMB trade financing liquidity arrangements," aiming to meet the increasing demand from enterprises [1] - The anticipated demand for the "RMB Business Funding Arrangement" is expected to extend beyond import-export companies to include businesses planning to expand internationally [1]
巩固香港债券中心地位 下周“固定收益及货币论坛”或公布路线图
Xin Hua Cai Jing·2025-09-17 14:04