On Oct. 18, HKMA launched CMU OmniClear, signed MoUs with SIX.
HKMA established CMU OmniClear Limited (CMU OmniClear) and signed MoU with financial infrastructure entity SIX for cross-border securities settlement cooperation.
CMU OmniClear was created as a wholly-owned subsidiary of HKMA's Exchange fund.
New entity will operate Central Moneymarkets Unit (CMU) system for HKMA from Jan. 2025; aims to pursue more commercial development path with HKMA oversight.
HKMA retains ownership of CMU system and control over policy/strategic decisions.
Legal relationships with CMU participants and system linkages remain with HKMA.
Partnership with SIX
Signed MoU with SIX to cooperate on securities depository and settlement services.
Agreement focuses on joint international securities settlement and safekeeping.
Cooperation includes mutual investment support in HK, Swiss, international markets.
Parties to exchange operational and market information, mutually develop business opportunities; aims to enhance Chinese investor access to Swiss markets, vice versa.
