Page 52 - 期货和衍生品行业监管动态(2024年7月刊)
P. 52
期货和衍生品行业监管动态
capital efficiency. It will also help vitalise offshore investors’ onshore bond holdings
and further enhance the attractiveness of onshore bonds. The measure will also
promote synergies between Bond Connect and Swap Connect, thereby further
invigorating market participation in the Connect Schemes.
This is a new arrangement for the use of onshore bonds as eligible collateral in
the offshore market, following the inclusion of onshore bonds issued by the Ministry
of Finance and policy banks on the Mainland in the list of eligible collateral for the
HKMA’s RMB Liquidity Facility on 26 February this year. It is built on the
collaborative efforts with the PBoC to deepen financial cooperation between Hong
Kong and the Mainland and further promote RMB internationalisation in a steady,
orderly and sound manner. The SFC and the HKMA will continue to provide guidance
to the financial infrastructure institutions (including the HKMA Central
Moneymarkets Unit and OTC Clearing Hong Kong Limited) to take forward the
preparatory work, including promulgating rules for the provision of collateral by way
of security interest or title transfer, and for the transfer of the relevant bonds, with a
view to implementing this new measure as soon as practicable. Relevant details will
be announced in due course.
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?
refNo=24PR119
36