CMU OmniClear and SIX Partner to Boost Cross-Border Securities Investment

CMU OmniClear and SIX Partner to Boost Cross-Border Securities Investment

(IN BRIEF) CMU OmniClear Limited, a subsidiary of the Hong Kong Monetary Authority, has signed a Memorandum of Understanding (MOU) with SIX to enhance cooperation in securities depository and settlement services. This partnership aims to strengthen cross-border investment opportunities by facilitating better access between the Hong Kong, Mainland China, Swiss, and international markets. Both parties will collaborate on joint international securities settlement, information exchange, and business development to foster growth in cross-border investments.

(PRESS RELEASE) ZURICH, 18-Oct-2024 — /EuropaWire/ — CMU OmniClear Limited, a subsidiary of the Hong Kong Monetary Authority (HKMA), and SIX have signed a Memorandum of Understanding (MOU) aimed at strengthening cooperation in securities depository and settlement services to foster the growth of cross-border investments.

Through this MOU, CMU OmniClear and SIX will collaborate on joint international securities settlement and safekeeping, building a closer working relationship and establishing channels for the exchange of information. This partnership is expected to enhance access to cross-border markets for both Chinese and Swiss investors.

Stanley Chan, CEO of CMU OmniClear, commented: “This marks a significant milestone for CMU OmniClear as it positions itself as a regional central securities depository (CSD) in Asia. By leveraging our gateway role between China and global markets, this partnership with SIX will offer Chinese investors greater access to Swiss and international markets, while Swiss investors will benefit from improved connectivity to Hong Kong and Mainland China.”

Jos Dijsselhof, CEO of SIX, added: “We are excited about this agreement with CMU OmniClear. It will bring mutual benefits to both entities and open up new opportunities in regions like Asia, where we see great business potential.”

The collaboration will focus on mutual support for investments in Hong Kong, Swiss, and international markets, as well as sharing operational insights and exploring joint business development opportunities.

About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
www.six-group.com

About CMU OmniClear Limited
CMU OmniClear Limited is a wholly owned subsidiary of the Exchange Fund established to operate the Central Moneymarkets Unit system on behalf of the Hong Kong Monetary Authority.  Since 1990, CMU has provided secure and efficient clearing, settlement and custodian services for Hong Kong’s multi-currency debt securities and those in international markets. Over the years, the CMU has continuously established linkages with regional and international central securities depositories to expand its issuer and investor reach globally. With the launch of Bond Connect scheme in 2017, the CMU has become a pivotal financial market infrastructure serving both onshore and offshore market participants.
www.cmu.org.hk

Media Contact:

Julian Chan
Deputy Head Media Relations
+41 58 399 2508

SOURCE: SIX