Hong Kong Exchanges and Clearing (HKG:0388) will form a partnership with CMU OmniClear, the operator of the Central Moneymarkets Unit on behalf of the Hong Kong Monetary Authority, to enhance post-trade securities infrastructure in the capital markets, the Standard reported on Wednesday.
The agreement emphasizes Hong Kong's ambition to strengthen its position as a key player in global finance and offshore yuan trading. Market analysts see this as a significant move to attract international investors to the city's fixed-income market, The Standard said.
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