CMU OmniClear expands membership eligibility
25 March 2025 Hong Kong
Image: David_Parker/stock.adobe.com
CMU OmniClear, operating as Hong Kong’s central securities depository (CSD), has expanded its membership eligibility of the Central Moneymarkets Unit (CMU) to facilitate international participation in the local bond market.
Eligible entities outside of Hong Kong, such as financial institutions regulated or supervised by a recognised authority, sovereigns, and supranational institutions, can now also apply for CMU membership to directly access its post-trade services.
Stanley Chan, CEO of CMU OmniClear, comments: “By expanding membership eligibility, we aim to facilitate greater international participation in the Hong Kong bond market and in the Mainland market through the Bond Connect, further consolidating Hong Kong’s position as an international financial centre and a gateway into the Mainland market.”
While the CMU is the CSD for debt securities in Hong Kong, CMU OmniClear has been carrying out its operations and business development activities since January 2025, on behalf of the Hong Kong Monetary Authority (HKMA), which remains the owner and system operator of the unit.
Eligible entities outside of Hong Kong, such as financial institutions regulated or supervised by a recognised authority, sovereigns, and supranational institutions, can now also apply for CMU membership to directly access its post-trade services.
Stanley Chan, CEO of CMU OmniClear, comments: “By expanding membership eligibility, we aim to facilitate greater international participation in the Hong Kong bond market and in the Mainland market through the Bond Connect, further consolidating Hong Kong’s position as an international financial centre and a gateway into the Mainland market.”
While the CMU is the CSD for debt securities in Hong Kong, CMU OmniClear has been carrying out its operations and business development activities since January 2025, on behalf of the Hong Kong Monetary Authority (HKMA), which remains the owner and system operator of the unit.
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