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xinhua news agency, hong kong, september 16 (reporter liu yinglun) in order to promote the development of the bond markets in hong kong and macao, the hong kong monetary authority (hkma) and the macao monetary authority (mam) jointly announced on the 16th that the hong kong monetary authority's central moneymarkets unit (cmu) and the central securities depository system operated by macao central securities depository and clearing co., ltd., a wholly-owned subsidiary of the macao monetary authority, will establish a direct connection.

under the direct connection arrangement, hong kong investors will be able to deliver, settle and hold bonds held in the macau central securities depository system through their accounts in the cmu, and macau investors will also be able to deliver, settle and hold bonds held in the cmu through their accounts in the macau central securities depository system. the relevant arrangement will become a new milestone in the financial cooperation between hong kong and macau, and will have significant and far-reaching significance for the coordinated development of the core cities in the guangdong-hong kong-macao greater bay area.

eddie yue, chief executive of the hong kong monetary authority, said that in recent years, the hong kong monetary authority has gradually established interconnection mechanisms with multiple neighboring financial markets, strengthened regional cooperation, introduced more opportunities for the development of various financial businesses, especially rmb business, provided more diversified investment products for domestic and foreign investors, and further enhanced hong kong's competitiveness as an international financial center. on this basis, promoting the interconnection of bond market infrastructure in hong kong and macao is an important manifestation of the coordinated development of the financial market in the guangdong-hong kong-macao greater bay area.

chen shouxin, chairman of the macau monetary authority, said that based on the historical origins between macau and portuguese-speaking countries, through the connection with hong kong's bond market infrastructure, macau will be able to further play a bridging role, consolidate the functions of macau's china-portugal financial services platform, and at the same time achieve the interconnection of financial markets and financial infrastructure in the guangdong-hong kong-macao greater bay area. (end)

(source: xinhua news agency)

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