Wednesday July 8 2026
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: International
On 7th July 2026, the People’s Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly welcomed the collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to develop an electronic fixed income and currency trading platform (the FIC Trading Platform) in Hong Kong. This initiative will further strengthen the financial cooperation between Hong Kong and the Chinese Mainland and reinforce Hong Kong’s position as an international financial centre and an offshore RMB business hub.
The FIC Trading Platform will provide an open, fair, efficient, and robust platform for both local and international institutions, following the key principles below:
- Adhering to international market standards and practices, while meeting the regulatory requirements in Hong Kong;
- Fostering an open and fair market facilitating participation by international institutions with diversified product and service offerings;
- Advancing in alignment with the strategic development goals of the broader financial ecosystem in Hong Kong; and
- Adopting a market-driven approach focused on enhancing trading efficiency and transparency, facilitating price discovery, reducing transaction costs and introducing technological innovation to further strengthen financial services.
Click on the above link for further information
