In order to promote the development of Hong Kong and Macao, the bond market, the Hong Kong monetary authority (hkma) and the macau monetary authority (macau monetary authority) announced on the 16th, The Hong Kong monetary authority debt instruments central clearing system (CMU) and the macau monetary authority subordinate wholly owned subsidiary of macau one central securities custody and settlement co., LTD. Is responsible for the operation of the securities custody system will be set up in the middle of the directly connected to the Internet.

Under the direct networking arrangement, Hong Kong investors will be able to settle, settle and hold bonds under custody in CMU through their accounts with CMU, and Macau investors will also be able to settle, settle and hold bonds under custody in CMU through their accounts with CMU. Relevant arrangement will be as a new milestone, Hong Kong and Macao financial cooperation on a big bay area of the core city of coordinated development of guangdong has significant and far-reaching significance.

Yu Wei-man, Chief Executive Officer of the Hong Kong Monetary Authority, said that in recent years, the Hong Kong Monetary Authority has gradually established an interconnection mechanism with a number of neighboring financial markets to strengthen regional cooperation, introduce more opportunities for the development of various financial businesses, especially renminbi business, provide more diversified investment products for domestic and foreign investors, and further enhance Hong Kong's competitiveness as an international financial center. On this basis, promoting the infrastructure connectivity of the bond markets in Hong Kong and Macao is an important manifestation of the coordinated development of the financial markets in the Guangdong-Hong Kong-Macao Greater Bay Area.

Mr Chen Shuxin, Chairman of the Macao Monetary Authority, said that based on the historical ties between Macao and Portuguese-speaking countries, through the bond market infrastructure connectivity with Hong Kong, Macao will be able to further play a bridge role, consolidate the function of Macao's China-Portugal financial services platform, and realize the connectivity of financial markets and financial infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area.

Source: People.com.cn