China, Hong Kong Authorities Welcome Joint Electronic Fixed-Income and Currency Trading Platform

China's central bank and two Hong Kong regulators issued a joint announcement on building a trading platform in Hong Kong, welcoming a joint effort by China Foreign Exchange Trade System and Hong Kong Exchanges and Clearing to establish an electronic fixed-income and currency trading platform in Hong Kong. According to Jin10, the announcement was released by the People's Bank of China, the Hong Kong Monetary Authority, and the Securities and Futures Commission. The statement said the platform is intended to further deepen cooperation between the two financial markets and to consolidate and enhance Hong Kong's position as an international financial center and an offshore renminbi business hub. The announcement added that details such as the platform's launch timing will be disclosed in due course.