Xin Hua Wang·2025-11-12 08:53Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has announced a strategic partnership with the Hong Kong Stock Exchange (HKEX) to enhance the financial infrastructure of Hong Kong's capital markets and support the long-term development of the fixed income and currency market ecosystem [1] Group 1: Strategic Partnership - HKEX will acquire a 20% stake in the newly established Clearstream Holdings Limited through a subscription of new shares [1] - After the transaction, the HKMA-managed Exchange Fund will hold 80% and HKEX will hold 20% of Clearstream Holdings [1] - The establishment of Clearstream Holdings aims to fully own the Central Moneymarkets Unit (CMU), which operates the debt instruments central clearing system [1] Group 2: Development Goals - The strategic collaboration between HKMA, Clearstream, and HKEX is seen as a significant milestone in the development of Hong Kong's financial infrastructure [1] - This partnership aims to transform the CMU into a multi-asset platform, allowing investors to manage both stocks and bonds in a one-stop manner [1] - The initiative is expected to facilitate efficient two-way investment flows between mainland China, Hong Kong, and international markets [1] Group 3: Market Positioning - HKEX's CEO emphasized the growing interest of global investors in Asian opportunities and the need for close collaboration with regulators and market participants [1] - The partnership aims to further enhance Hong Kong's position as a global hub for bond financing, risk management, and offshore RMB business [1] - The goal is to leverage Hong Kong's potential as a global center for fixed income and currency markets [1]