CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) today for cooperation in securities depository and settlement to foster the growth of cross-border investment.
Based on the MOU, the two parties will collaborate in a joint international securities settlement and safekeeping, develop a closer working relationship, and maintain channels for the exchange of information.
Mr Stanley Chan, CEO of CMU OmniClear, said:
“Today marks an important milestone for the CMU OmniClear in developing into a regional central securities depository (CSD) in Asia. With the CMU OmniClear’s unique gateway function between China and global markets, we believe our new partnership with SIX will help Chinese investors to tap…
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