People's Bank of China and Hong Kong Regulatory Authorities Support the Joint Establishment of a Fixed Income and Currency Electronic Trading Platform in Hong Kong

CoinFeed July 7 news, the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced that they welcome the China Foreign Exchange Trade System and Hong Kong Exchanges and Clearing Limited to jointly build an electronic fixed income and currency trading platform in Hong Kong, in order to deepen the cooperation between mainland and Hong Kong financial markets and consolidate Hong Kong's status as an international financial center and offshore renminbi business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, follow international market standards and Hong Kong regulatory requirements, strive to build an open, fair, efficient, and stable fixed income and currency trading infrastructure, and empower financial services by improving trading efficiency and transparency, promoting price discovery, reducing transaction costs, and exploring technological innovation. The specific launch time of the platform will be announced in due course.