CMU OmniClear Limited, a subsidiary of the Hong Kong Monetary Authority, and SIX have signed a Memorandum of Understanding to enhance cooperation in securities depository and settlement, aiming to promote cross-border investment. The partnership will facilitate international securities settlement and safekeeping, fostering closer collaboration and information exchange. Both CEOs emphasized the significance of this agreement, which aims to provide Chinese investors better access to Swiss and global markets while enhancing Swiss investors’ opportunities in Hong Kong and Mainland China. The cooperation will also support mutual investments and the development of business opportunities in these regions.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/10/20241018-6/