Page 52 - 期貨和衍生品行業(yè)監(jiān)管動(dòng)態(tài)（2024年7月刊）

期貨和衍生品行業(yè)監(jiān)管動(dòng)態(tài)

capital efficiency. It will also help vitalise offshore investors’ onshore bond holdings

and further enhance the attractiveness of onshore bonds. The measure will also

promote synergies between Bond Connect and Swap Connect, thereby further

invigorating market participation in the Connect Schemes.

This is a new arrangement for the use of onshore bonds as eligible collateral in

the offshore market, following the inclusion of onshore bonds issued by the Ministry

of Finance and policy banks on the Mainland in the list of eligible collateral for the

HKMA’s RMB Liquidity Facility on 26 February this year. It is built on the

collaborative efforts with the PBoC to deepen financial cooperation between Hong

Kong and the Mainland and further promote RMB internationalisation in a steady,

orderly and sound manner. The SFC and the HKMA will continue to provide guidance

to the financial infrastructure institutions (including the HKMA Central

Moneymarkets Unit and OTC Clearing Hong Kong Limited) to take forward the

preparatory work, including promulgating rules for the provision of collateral by way

of security interest or title transfer, and for the transfer of the relevant bonds, with a

view to implementing this new measure as soon as practicable. Relevant details will

be announced in due course.

https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?

refNo=24PR119

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