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Hong Kong, Macau link bond clearance systems to create larger market for fundraising

SCMP LogoSCMP5h ago

Hong Kong, Macau link bond clearance systems to create larger market for fundraising - SCMP

Quick Summary:

Cross-border investment and financing channel lets investors participate in each other’s bond market with greater ease and efficiency.

The linkage is the first external connection for Macau, which opens up the fundraising potential for companies located in the former Portuguese colony, said Benjamin Chan, chairman of the Monetary Authority of Macao (AMCM).“This will provide international investors, including those from Portuguese-speaking countries, with a convenient channel to participate in the bond markets of Macau and Hong Kong,” Chan said in a statement, adding that the development will “further strengthen Macau’s function as the financial services platform serving China and Portuguese speaking countries”.

The Central Moneymarkets Unit (CMU) under the Hong Kong Monetary Authority (HKMA) and the Macau Central Securities Depository and Clearing launched the link on Tuesday for clearing, settling and holding bonds lodged in each other’s systems.


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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 12:02:42 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 254 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 51 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25307125

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 17 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #42

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