Analysis: How Hong Kong is building financial infrastructure for the Rmb

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

China’s march to widen the international influence and acceptance of the Rmb in global trade and finance is becoming reality. Hong Kong’s financial centre will lead the vanguard by developing and hosting the infrastructure needed to help Beijing interface its onshore sovereign bonds with international fixed income investors.

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