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跨境债券回购业务正式推出 余伟文:助力提升香港离岸人民币市场流动性
智通财经网· 2025-09-26 10:33
香港金管局总裁余伟文表示,很高兴正式推出跨境回购业务。这是香港金管局和中国央行一直紧密合 作,以持续优化"债券通"业务的重点工作之一。措施有助于提升香港离岸人民币市场的流动性,以及境 外投资者配置人民币资产的意愿,引导更多元化的离岸人民币业务发展,以进一步巩固提升香港作为国 际金融中心和离岸人民币业务枢纽的地位。 智通财经APP获悉,9月26日,香港金管局与中国人民银行、中国证券监督管理委员会和国家外汇管理 局共同推动的跨境债券回购业务正式推出。相关内地金融监督管理部门联合发布《关于进一步支持境外 机构投资者在中国债券市场开展债券回购业务的公告》,支持所有已进入内地在岸债券市场的境外机构 参与在岸债券回购业务,从在岸市场获得人民币流动性,并汇出境外使用。 上述措施是继香港金管局于今年2月推出离岸人民币债券回购业务之后的又一项重要政策,将为香港离 岸人民币市场提供更稳定的流动性,有效降低人民币融资成本。跨境回购和离岸人民币回购业务相辅相 成,能满足离岸投资者的资产配置和流动性管理需求,盘活人民币债券持仓,从而进一步提升在岸债券 的国际吸引力,增强人民币在国际市场的投融资功能。 ...
“保交楼”成绩单亮眼!金融监管部门“十四五”发力
Feng Huang Wang· 2025-09-26 06:24
Group 1 - The core viewpoint of the news is the significant achievements in the financial sector during the "14th Five-Year Plan" period, particularly the establishment of the urban real estate financing coordination mechanism, which has been crucial in mitigating real estate risks [1][2] - The financing coordination mechanism has issued loans exceeding 7 trillion yuan, supporting nearly 20 million housing units for construction and delivery, thereby safeguarding the legitimate rights and interests of homebuyers [1][2] - The financial regulatory authorities plan to continue expanding the coverage of the "white list" to allow more real estate projects to receive financing support, indicating a proactive approach to address financing challenges in the real estate sector [2] Group 2 - The People's Bank of China has implemented various measures to stabilize the real estate market, including optimizing down payment ratios and mortgage rates, which have effectively reduced the financial burden on homebuyers [3] - The reduction in existing mortgage rates is expected to save over 300 billion yuan in interest payments annually for more than 50 million households [3] - Financial support for the "three major projects," including affordable housing, has exceeded 1.6 trillion yuan, with rental housing loans growing at an average rate of 52% [4] Group 3 - The number of financing platforms has decreased by over 60% since March 2023, and the scale of financial debt has dropped by more than 50%, indicating a significant reduction in debt risk levels for local government financing platforms [4] - China's foreign exchange reserves have remained stable above 3 trillion USD, playing a crucial role as a stabilizer for the national economy and financial system [4] - The combination of policies, funding, and expectations has effectively mitigated risks in key areas such as real estate and local financing platforms, while ensuring that financial resources continue to support the real economy [4]
香港将打造全球固定收益及货币中心
Xin Hua Wang· 2025-09-26 01:49
Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly announced a "Roadmap for the Development of Fixed Income and Money Markets" aimed at positioning Hong Kong as a global hub for fixed income and currency markets through demand, liquidity, and innovation [1][2] Group 1 - The roadmap outlines four key pillars: primary market issuance, secondary market liquidity, offshore RMB business, and next-generation infrastructure, serving as a blueprint for future policy development by the SFC and HKMA [1] - Ten initiatives are proposed to consolidate Hong Kong's existing advantages, including attracting issuers to use Hong Kong as a fundraising hub and providing risk management and liquidity management tools for issuers and investors [1] - The roadmap emphasizes the need to enhance the scale and liquidity of offshore RMB usage and to develop next-generation financial infrastructure to empower market innovation [1] Group 2 - The HKMA's Chief Executive, Eddie Yue, stated that the government will continue to strengthen its advantages to develop Hong Kong as a global fixed income center and further solidify its position as a leading offshore RMB business hub [2] - The government will respond to market changes and promote innovation to seize opportunities arising from trends such as RMB internationalization and the digitization of fixed income and money markets [2]
中国证监会与新加坡金管局进一步深化资本市场合作
Zheng Quan Shi Bao· 2025-09-25 18:24
Core Viewpoint - The China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS) held the ninth China-Singapore Securities and Futures Regulatory Roundtable, agreeing to deepen practical cooperation in capital markets and enhance communication and mutual learning [1] Group 1: Cooperation and Achievements - Both parties reviewed the important consensus reached by the leaders of the two countries on deepening multi-field innovative cooperation [1] - They positively evaluated the achievements in capital market cooperation in recent years, including the continuous deepening of ETF mutual access and strengthening index cooperation [1] - Support for financial institutions from each side to invest and operate in the other's domestic market was also highlighted [1] Group 2: Regulatory Discussions - Extensive discussions were held on various topics including the latest measures in capital market reform and development, investor protection mechanisms, futures and derivatives regulation, risk monitoring of non-bank financial institutions, and regulation of listed companies [1]
今天,香港重要发布
中国基金报· 2025-09-25 15:26
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].
今天 香港重要发布
Zhong Guo Ji Jin Bao· 2025-09-25 14:57
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 [1][5]. Group 1: Key Pillars and Measures - The roadmap outlines four key pillars and ten measures to enhance Hong Kong's fixed income and money markets [2]. - Pillar 1: Promote Issuance - Lead market development through government bond issuance [2]. - Promote Hong Kong's advantages to target issuers and investors [2]. - Expand the investor base, including family offices, funds, and corporate treasury centers [2]. - Pillar 2: Increase Liquidity - Implement an over-the-counter fixed income and currency derivatives system [2]. - Promote the development of a central counterparty for repurchase transactions in Hong Kong [2]. - Pillar 3: Expand Offshore RMB Business - Increase the application of offshore RMB [2]. - Improve connectivity mechanisms to enhance offshore RMB liquidity and increase the supply of RMB-related products [2]. - Pillar 4: New Generation Infrastructure - Prepare infrastructure for the future of fixed income and money markets [2]. - Support the development of new electronic trading platforms [2]. - Promote market innovation and implement use cases for tokenized fixed income and currency products [2]. Group 2: Implementation and Future Plans - The roadmap, developed after extensive consultation with industry participants, will serve as a blueprint for the SFC and HKMA's policy-making and implementation over the coming years [5]. - The SFC is working on facilitating the listing of government bond futures in Hong Kong and is collaborating with the industry to establish a central counterparty clearing system for repurchase transactions [6][7]. - The HKMA aims to enhance the primary market for bonds, expand offshore RMB business, and develop future-oriented digital financial infrastructure [8].
香港金管局拓宽人民币流动性安排 巩固离岸人民币中心优势
Core Insights - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly released a "Roadmap for the Development of Fixed Income and Money Markets" focusing on four pillars: enhancing bond issuance, improving secondary market liquidity, expanding offshore RMB business, and building new infrastructure [1][2] Group 1: Bond Market Development - The HKMA plans to expand offshore RMB business, including improving liquidity arrangements and providing new tools, with specific details on cross-border repurchase agreements to be announced soon [1] - The daily trading net limit for the "Swap Connect" has been significantly increased from 20 billion RMB to 45 billion RMB, reflecting strong demand from international investors to manage RMB interest rate risks [1][2] Group 2: Repurchase Transactions - The People's Bank of China announced support for foreign institutions to participate in the domestic repurchase market, allowing international investors in the "Bond Connect" northbound to repatriate RMB funds raised in the domestic repurchase market [2] - The SFC aims to promote repurchase transactions, particularly for offshore government bonds in Hong Kong, and will explore the feasibility of establishing a central counterparty clearing mechanism [2][3] Group 3: Tokenized Products - Hong Kong has approved five publicly offered tokenized currency funds and continues to receive new applications, with regulatory support for the tokenization of bonds and other investment products [3] - The first batch of tokenized bonds was issued in February 2023, totaling 100 million USD, and a second batch of 750 million USD is set for February 2024, marking Hong Kong's position in the global tokenized bond market [3] - The HKMA is preparing for the issuance of a third tokenized bond, aiming for a breakthrough in the near term [3] Group 4: Government Commitment - The "Roadmap" was developed over nearly a year through consultations with industry stakeholders and reflects the Hong Kong government's commitment to advancing the fixed income market, with all ten measures included in this year's policy report [3]
视频|9月25日香港证监会和金管局发布《固定收益及货币市场发展路线图》,直击现场记者一线解读
Xin Lang Cai Jing· 2025-09-25 12:38
责任编辑:何俊熹 香港再迎大举措!9月25日香港证监会和金管局发布《固定收益及货币市场发展路线图》。《路线图》 规划了"哪些路"?资本市场有何反馈?直击现场记者一线解读。 ...
香港证监会与香港金管局发布路线图 携手打造香港成全球固定收益及货币中心
智通财经网· 2025-09-25 08:56
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 Currency Markets" to strategically position Hong Kong as a global hub for fixed income and currency markets [1][2] Group 1: Key Measures and Initiatives - The roadmap outlines four key pillars: primary market issuance, secondary market liquidity, offshore RMB business, and next-generation infrastructure [1] - Ten initiatives are proposed to consolidate Hong Kong's existing advantages, including attracting issuers to use Hong Kong as a fundraising hub and providing risk management and liquidity management tools [1] - The roadmap emphasizes the need to enhance the scale and liquidity of offshore RMB usage and to develop new financial infrastructure to empower market innovation [1] Group 2: Stakeholder Engagement and Future Directions - A forum titled "Hong Kong Fixed Income and Currency Forum 2025" was successfully held to discuss opportunities, challenges, and new trends in the global fixed income and currency markets, gathering senior government officials and financial institution leaders [1] - The SFC Chairman highlighted the importance of the fixed income and currency market as a key driver for global capital flow, which significantly impacts Hong Kong's international standing and long-term development [2] - The HKMA President stated that the roadmap will guide efforts to strengthen Hong Kong's position as a leading offshore RMB business hub while promoting innovation in response to market changes [2]
香港金管局辟谣:目前没有离岸人民币稳定币在港发行
Guo Ji Jin Rong Bao· 2025-09-25 04:57
社交媒体最近流传,全球首个与离岸人民币挂钩的稳定币已经在香港发行。对此,9月24日晚间,香港金融管理局辟谣称,"请留 意,相关消息为假新闻!现时没有离岸人民币稳定币在香港发行。" 香港金管局表示,会监察市面上涉及稳定币交易的情况,若发现有涉嫌违反《稳定币条例》的行为,将会根据相关事实和证据,考 虑采取进一步跟进行动。 香港金管局呼吁公众,可关注其正式公告,核实有关稳定币发行人的牌照状况。香港金管局将会在官方网站持续更新持牌发行人名 单。目前,香港金管局网站显示,尚未有持牌的稳定币发行人。 据悉,香港《稳定币条例》于2025年8月1日正式生效,任何人在业务过程中于香港发行法币稳定币,或向香港公众积极推广其发行 活动,均需要获得金管局发出的稳定币发行人牌照。 "请注意,目前金管局尚未发出任何稳定币发行人牌照。因此,任何人进行稳定币发行或宣传推广行为,均属违法。"香港金管局提 醒,"如果有人向你宣传推广稳定币,请必须保持警惕。" | 持牌人名称及主要营业地点的地址 | 电子邮箱地 | 牌照编号 | 生效日期 | | --- | --- | --- | --- | | (按笔划及英文字母排序) | 址 | | (日/ ...