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13 OctTue
  1. Hong Kong Monetary Authority: Press Releases25

    HKMA Announces Results of October 13 Exchange Fund Bills Tender and October 20 Tender Arrangements

    The HKMA has announced the results of the October 13 tender for two issues of Exchange Fund Bills. Issue Q2641 received HK$205.533 billion in tenders, with HK$71.151 billion allotted at an average accepted yield of 2.82%; Issue H2670 received HK$64.930 billion in tenders, with HK$19.0 billion allotted at an average accepted yield of 3.15%. A tender for three issues of Exchange Fund Bills will be held on October 20, with a total planned issuance of HK$84.147 billion.

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25 SeptFri
  1. HKEX: Market Communications63

    HKEX derivatives clearinghouses to accept Chinese government bonds, policy bank bonds, and MOF offshore bonds as non-cash collateral starting November 2026

    HKEX announced that its wholly owned derivatives clearinghouses, HKCC and SEOCH, plan to include Chinese government bonds and policy bank bonds held under Northbound Bond Connect, as well as MOF bonds issued offshore by the Ministry of Finance, as eligible non-cash collateral for margin requirements starting November 2026. The arrangement remains subject to regulatory approval. This expansion applies to all derivatives products cleared by the two clearinghouses, aiming to provide market participants with more flexible collateral options and improve capital efficiency. The relevant launch date will be announced separately, and detailed rules are available in the circulars issued by HKCC and SEOCH on the same day.

    Key Takeaways:HKEX has clarified the bond categories, applicable clearinghouses, and effective date for newly eligible non-cash collateral, allowing derivatives participants to adjust their margin collateral arrangements accordingly.

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17 JulFri
  1. HKEX: Market Communications40

    HKEX to support RMB settlement of stamp duty and trading-related fees

    The Hong Kong SAR Government has gazetted the Stamp Duty (Amendment) (No. 2) Ordinance 2026, which stipulates that stamp duty for trades executed on the RMB counter of dual-counter stocks will be calculated and paid in RMB. HKEX will also promote RMB settlement of trading-related fees, including the SFC transaction levy, the FSTB transaction levy, the Investor Compensation Levy (currently suspended), and SEHK trading fees. The new arrangement will take effect only after the Hong Kong SAR Government issues an effective notice, obtains regulatory approval, and completes market preparations. Specific operational arrangements and target implementation timelines will be announced later.

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