SFC and Hong Kong exchange to coordinate network infrastructure

CCASS/3, the exchangeÆs new central clearing system, could become part of the regulatorÆs grand plan for a single network connecting all Hong KongÆs financial institutions.

The process began in earnest when couriers stopped the physical delivery of money and stocks in the worlds financial centres, but theres no telling how far the trend towards electronic transactions and communication will go. The financial services industry is criss-crossed with networks provided by industry-owned bodies, technology vendors and governments. Some are regional in scope, others global, but all have as their goal an increase in efficiency in the industry they serve.

But hampering this goal,...

To continue reading, please login or register for free

Click for more on: sfc | hong | kong | exchange | coordinate | network | infrastructure

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...