Hong Kong to Study One‑Stop Infrastructure for Equities, Bonds and Digital Assets

The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on establishing a one‑stop, multi‑asset class post‑trade securities infrastructure.

It will cover both mainland and Hong Kong equity and debt securities, Financial Secretary Paul Chan Mo‑po announced in the Budget Speech on Wednesday.

According to The Standard, Chan said the initiative aims to facilitate cross‑product and cross‑border collateral connectivity.

He added it will improve market liquidity and enhance risk management.

The Central Moneymarkets Units (CMU) will also activate linkages with SIX of Switzerland.

They will launch equity post‑trade services for the first time, allowing investors to manage their diversified portfolios more efficiently.

Previously, the Central Bank of the UAE (CBUAE) became a CMU member.

To further promote fintech and boost the efficiency of the asset management market, the CMU OmniClear will establish a digital asset platform this year.

The platform will support the issuance and settlement of digital bonds. CMU OmniClear will gradually extend it to other digital assets and link it with tokenisation platforms across the region.

Chan noted this will consolidate Hong Kong’s leading role in the digital asset space.

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