今天，香港重要发布

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly released a "Roadmap for the Development of Fixed Income and Money Markets," aiming to position Hong Kong as a global hub for fixed income and currency markets through strategies that enhance demand, liquidity, and innovation [2][7]. Group 1: Four Pillars and Ten Measures - The roadmap outlines four pillars and ten measures to enhance Hong Kong's fixed income and money markets [4]. - Pillar One: Promote Issuance - Lead market development through government bond issuance [4]. - Promote Hong Kong's advantages to target market issuers and investors [4]. - Expand the investor base, including family offices, funds, and corporate treasury centers [4]. - Pillar Two: Increase Liquidity - Implement an over-the-counter fixed income and currency derivatives system [4]. - Promote the development of a central counterparty for repurchase transactions in Hong Kong [4]. - Pillar Three: Expand Offshore RMB Business - Broaden the application of offshore RMB [5]. - Improve the connectivity mechanism to enhance offshore RMB liquidity and increase the supply of RMB-related products [5]. - Pillar Four: New Generation Infrastructure - Prepare infrastructure for the future of fixed income and money markets [5]. - Support the development of new electronic trading platforms [5]. - Promote market innovation and implement use cases for tokenized fixed income and currency products [5]. Group 2: Implementation and Future Plans - The roadmap was developed after extensive consultation with industry participants and will serve as a blueprint for the SFC and HKMA's policy-making and implementation over the coming years [7][8]. - The SFC plans to promote repurchase transactions, particularly for offshore government bonds, and is working on establishing a central clearing counterparty system for these transactions [11]. - The HKMA aims to enhance the primary market for bonds, continuing to attract issuers to use Hong Kong as a fundraising hub [12]. - The HKMA will also focus on expanding offshore RMB business and improving liquidity arrangements, while developing future-oriented digital financial infrastructure [13].