Tuesday September 26 2023
News Source: Global Exchanges
Focus: Brokers
Type: General
Country: Hong Kong
On 22nd September 2023, the Hong Kong Monetary Authority (HKMA) announced that it has designated the nine additional financial institutions as market makers for Southbound Trading under Bond Connect (designated market makers). This brings the total number of designated market makers from 13 to 22.
Designated market makers undertake to provide investors with secondary liquidity and support the smooth and orderly operation of Southbound Trading under Bond Connect. The selection of designated market makers follows HKMA’s established internal evaluation process, based on a range of criteria, including debt market activities, business presence in Hong Kong, counterparty network with Mainland financial institutions, internal control systems.
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