Jacky Leung, CFA, FRM, MBA (HKU)

We are glad to hear about the Hong Kong Exchanges and Clearing Limited (HKEX)’s announcement on the expanded use of onshore RMB bonds as collateral in the offshore market. HKEX’s subsidiary, OTC Clear, now accepts Chinese Government Bonds and Policy Bank Bonds held by international investors through Bond Connect as margin collateral for all derivative transactions cleared by OTC Clear. As one of the Top Bond Connect custodians, we welcome and support this new enhancement which expands the use case of onshore bonds held under Bond Connect as margin collateral, and further enhances the capital efficiency of Bond Connect investors. Read more: https://lnkd.in/gA924m6n Pierre Mengal Karen Ng

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We are pleased to be among the first batch of financial institutions participating in the Hong Kong Monetary Authority (HKMA)’s RMB Trade Financing Liquidity Facility. Under this scheme, we have already arranged several trade finance transactions for corporate clients. These RMB trade loans have been customised to address the diverse needs of clients across different sectors and industries. As the world’s largest trade bank providing clients access to 90% of global trade flows, we will continue to expand our comprehensive trade finance services. Read more: https://grp.hsbc/6041LeAjl #HSBC #RMB #GlobalTradeSolutions Luanne Lim, Aditya Gahlaut

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Pinky Siu and Raymond Cheng of our Financial Services practice assisted Bosera Asset Management in launching new tokenised share classes for two existing money market ETFs, the Bosera HKD Money Market ETF and Bosera USD Money Market ETF. These are the latest tokenised funds to debut in Hong Kong since the Hong Kong Monetary Authority initiated its funds tokenisation-focused Project Ensemble Sandbox. Learn more about our Financial Services practice here: https://lnkd.in/gqKmBm7v #Deacons #DeaconsFinancialServices #InvestmentFunds #AuthorisedFunds #ETFs #MoneyMarketFunds #Tokenisation #DigitalAssets

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Hong Kong's asset management sector shows remarkable growth, with total AUM reaching HK$35 trillion by end-2024 – a 13% YoY increase. Vivian Chui, Head of Securities and Asset Management, Hong Kong SAR, KPMG China, is cited in a news report from China Daily Hong Kong, addressing that Hong Kong's enhanced Unified Funds Exemption regime, robust IPO market, and clear virtual asset regulations are key to attracting global asset managers and fostering innovation. Read the full article in China Daily Hong Kong (https://lnkd.in/gZ4GZtPz), and connect with Vivian Chui to explore how these developments could benefit your business. You can TRUST us to Make the Difference.

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Today (8 July) marks the 8th anniversary of the Bond Connect. Eddie Yue, HKMA’s Chief Executive, attended the Bond Connect Anniversary Summit 2025 and delivered a keynote speech. “Global investors’ growing interest in Renminbi (RMB)-denominated bonds and Mainland investors’ expanding overseas allocations underscore the critical role of the Bond Connect as a gateway to facilitate cross-border capital flows between the Mainland and global financial markets,” he said. “Bond Connect exemplifies the power of collaboration and innovation in addressing the changing needs of investors, as it continues to evolve over the years.” At the event, the HKMA and the People’s Bank of China announced a series of enhancements to support the development of the Bond Connect ecosystem, including: 1. Expanding the Southbound Bond Connect investor scope to include securities firms, fund companies, insurance companies and wealth management companies, effective today; and 2. Enhancing the offshore RMB repo business (using Northbound Bond Connect bonds as collateral) to support re-hypothecation and cross-currency repo (in HKD, USD, and EUR). The CMU OmniClear will enhance the operational arrangements accordingly. The new arrangements will be launched on 25 August 2025. These enhancement measures aim to broaden two-way investment channels, boost market liquidity and improve operational efficiency, thereby consolidating Hong Kong’s role as an international financial centre and a leading offshore RMB business hub. Learn more about the latest developments in offshore RMB repo business: https://lnkd.in/gpFQzMPR Hong Kong Exchanges and Clearing Limited (HKEX) #BondConnect #FinancialMarkets #RMBLiquidity

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UBP - Union Bancaire Privée Hong Kong hires Greater China trio from BOS and Citi. https://lnkd.in/gUV2aGZW The Swiss private bank has recruited a team head and two relationship managers as Hong Kong boss Teresa Lee continues to grow her army of bankers. #ubp #privatebank #peoplemoves #hongkong #asia

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