The Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) has established a link with Switzerland's SIX exchange. At the same time, the CMU has launched equity post-trade services. The Monetary Authority described the development as a significant advancement in Hong Kong's financial infrastructure.
What the CMU-SIX link does
The link connects Hong Kong's central securities depository with SIX's post-trade infrastructure. That means cross-border settlement and custody of securities between the two markets can now happen more efficiently. It's a concrete step toward deeper integration between Asian and European financial systems.
New equity post-trade services
Alongside the link, the CMU has introduced equity post-trade services. These cover the processing of trades after execution — clearing, settlement, and custody for equity securities. Previously, the CMU focused mainly on debt instruments. The expansion into equities broadens its role in Hong Kong's capital markets.
The Monetary Authority called the move a significant advancement in Hong Kong's financial infrastructure. The link with SIX, a major European exchange operator, positions Hong Kong as a more attractive hub for international investors. It also strengthens the city's role as a gateway between China and global markets.
The launch comes as Hong Kong continues to invest in its financial technology and infrastructure. The CMU's new services and the SIX link are now operational. Market participants will be watching to see how quickly volumes pick up and whether other exchanges follow suit.
