The Hong Kong Monetary Authority (HKMA) announced today (12 November) that Hong Kong Exchanges and Clearing Limited (HKEX) will become a strategic shareholder of CMU OmniClear Holdings Limited (CMU OmniClear Holdings), strengthening Hong Kong’s capital markets financial infrastructure and advancing the long-term development of Hong Kong’s fixed income and currencies (FIC) ecosystem.
In October 2025, the Exchange Fund managed by the HKMA established CMU OmniClear Holdings with the intention to wholly own CMU OmniClear Limited (CMU OmniClear), established last year to carry out the operations and business development activities of Hong Kong’s central securities depository infrastructure, the Central Moneymarkets Unit (CMU) system, on behalf of the HKMA. To further support the sustainable and diversified growth of Hong Kong’s capital markets, HKEX is introduced as a strategic shareholder of CMU OmniClear Holdings, acquiring a 20% stake through the subscription of new shares. Upon completion, the Exchange Fund and HKEX will hold 80% and 20% of CMU OmniClear Holdings, respectively. A signing ceremony was successfully held today in connection with the establishment of the joint venture.
Through the partnership, the HKMA and HKEX will harness their combined resources, technology, talent, and market expertise to facilitate the development of Hong Kong’s post-trade securities infrastructure into a major central securities depository (CSD) in the region. This collaboration will also support the continued commercialisation of CMU and the pursuit of business development initiatives in areas such as expansion of its investor CSD services, asset classes coverage and collateral management services, with the goal of enhancing cross-asset class efficiency in Hong Kong.
Mr Eddie Yue, Chief Executive of the HKMA and Chairperson of the Board of Directors of CMU OmniClear Holdings, said, “The strategic collaboration between the HKMA, CMU OmniClear and HKEX marks a significant milestone in the development of Hong Kong’s financial infrastructure. This partnership establishes a strong foundation for transforming CMU into a multi-asset class platform that provides investors with one-stop access to equity and debt securities while facilitating efficient two-way investment flows between the Chinese Mainland, Hong Kong and international markets. Together with HKEX and CMU OmniClear, we look forward to unlocking synergies and creating many more new business opportunities, further strengthening Hong Kong’s position as a leading international financial centre, global risk management centre and global offshore RMB business hub.”
Ms Bonnie Y Chan, Chief Executive Officer at HKEX, said, “We are delighted to be joining forces with the HKMA and CMU OmniClear on this journey to support the next chapter of growth in Hong Kong’s FIC ecosystem. Developing our FIC capabilities sits at the core of HKEX’s strategic objectives, and this important investment reflects our commitment to building a diversified and vibrant multi-asset class product network, supporting the long-term resilience of our markets. As global investors seek more opportunities centred around our region, we look forward to working with regulators and market participants to further enhance Hong Kong’s status as a global bond fundraising, risk management and offshore RMB business centre, unleashing Hong Kong’s potential as a global FIC hub.”
The HKMA remains the owner and system operator of CMU for the purposes of the Payment Systems and Stored Value Facilities Ordinance. The legal relationships with CMU participants and other system linkages would remain with the HKMA.
Hong Kong Monetary Authority
12 November 2025
In the presence of Mr Paul Chan (back row, middle), Financial Secretary of the Hong Kong SAR; Mr Carlson Tong (back row, left), Chairman of Hong Kong Exchanges and Clearing Limited; and Mr Howard Lee (back row, right), Deputy Chief Executive of the Hong Kong Monetary Authority and Deputy Chairperson of the Board of Directors of CMU OmniClear Holdings Limited, Mr Eddie Yue (first row, middle), Chief Executive of the Hong Kong Monetary Authority and Chairperson of the Board of Directors of CMU OmniClear Holdings Limited; Ms Bonnie Chan (front row, left), Chief Executive Officer of Hong Kong Exchanges and Clearing Limited; and Mr Stanley Chan (front row, right), Group Chief Executive Officer of CMU OmniClear Holdings Limited signed agreements at a signing ceremony to deepen strategic partnership.
About CMU OmniClear
CMU OmniClear, established in October 2024, is a market infrastructure operator. CMU OmniClear is responsible for the operations and business development activities of Hong Kong’s central securities depository infrastructure, the Central Moneymarkets Unit (CMU) system, on behalf of the HKMA. By the end of September 2025, assets under custody of CMU stood at around HK$5 trillion equivalent.
CMU OmniClear drives efficiency and innovation to serve issuers and investors in the Hong Kong market, while facilitating cross-border investment between the Chinese Mainland and international capital markets through world-class securities safekeeping, settlement, asset servicing and collateral management.
www.CMUOmniClear.com
