Hong Kong and Macao authorities link bond settlement systems
Direct connection could allow investors to trade wider variety of financial products
The monetary authorities of Hong Kong and Macao announced today (September 26) that they would link up their debt securities settlement facilities to promote the development of the territories’ bond markets.
The Central Moneymarkets Unit (CMU), operated by the Hong Kong Monetary Authority (HKMA), will be connected to Macao’s central securities depository (CSD). The CSD is operated by Macao Central Securities Depository and Clearing (MCSD), a wholly-owned subsidiary of the Monetary Authority of
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