English
CMU OmniClear and CIPS Co., Ltd. sign MOU to jointly expand overseas member network
CMU OmniClear Limited (CMU OmniClear) and Cross-Border Interbank Payment System Co., Ltd. (CIPS Co., Ltd.) signed a Memorandum of Understanding (MOU) today (8 September) to strengthen cooperation in market development and serving overseas members.
The MOU signing ceremony took place during the 26th China International Fair for Investment and Trade held in Xiamen. The document was signed by Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited (CMU OmniClear Holdings) and Chief Executive Officer of CMU OmniClear, and Mr Wang Hongbo, Chairman of CIPS Co., Ltd.
In accordance with the MOU, both parties will further deepen their cooperation in market development and network expansion to create synergies and broaden their respective member networks. Other areas of cooperation include enhancing the liquidity and attractiveness of Renminbi (RMB)-denominated investment and financing products, promoting financial services including cross-boundary payments, cash management and securities settlement, as well as improving the interoperability, connectivity and service efficiency of financial infrastructures.
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings and Chief Executive Officer of CMU OmniClear, said: “CIPS Co., Ltd. has always been our valued partner. Over the years, we have been jointly supporting the mutual market access mechanism between the Chinese Mainland and Hong Kong, connecting the Mainland and international capital markets. We are delighted to further strengthen cooperation with CIPS Co., Ltd. to support the continued development of RMB internationalisation. As a hub connecting and processing diverse transaction and settlement arrangements across international and the Chinese Mainland markets, CMU OmniClear offers a reliable financial infrastructure to consolidate Hong Kong’s status as an international financial centre and the world’s largest offshore RMB business hub.”
From March 2025, CMU OmniClear expanded the membership eligibility of the Central Moneymarkets Unit (CMU) to eligible institutions regulated or supervised by a recognised authority outside Hong Kong, aiming to facilitate greater international participation in the Hong Kong bond market and access to the Chinese Mainland market through Bond Connect.
Serving as financial infrastructures in Hong Kong and the Chinese Mainland, CMU operated by CMU OmniClear and the Cross-border Interbank Payment System (CIPS) operated by CIPS Co., Ltd. have long been vital platforms for the mutual market access mechanism between the two financial markets. CMU is also the first offshore financial infrastructure to become a direct participant of CIPS, providing Delivery-versus-Payment settlement services for HKD- and RMB-denominated transactions under Bond Connect.
CMU OmniClear Limited
8 September 2026
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited and Chief Executive Officer of CMU OmniClear Limited (left), and Mr Wang Hongbo, Chairman of Cross-Border Interbank Payment System Co., Ltd. (right), attend the MOU signing ceremony.
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 Hong Kong Monetary Authority. By the end of June 2026, assets under custody of CMU exceeded HK$5.5 trillion equivalent.
CMU OmniClear drives efficiency and innovation to connect international issuers and investors with 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
For media enquiries, please contact the press office of CMU OmniClear at cmuoc_press@hkma.gov.hk.
The MOU signing ceremony took place during the 26th China International Fair for Investment and Trade held in Xiamen. The document was signed by Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited (CMU OmniClear Holdings) and Chief Executive Officer of CMU OmniClear, and Mr Wang Hongbo, Chairman of CIPS Co., Ltd.
In accordance with the MOU, both parties will further deepen their cooperation in market development and network expansion to create synergies and broaden their respective member networks. Other areas of cooperation include enhancing the liquidity and attractiveness of Renminbi (RMB)-denominated investment and financing products, promoting financial services including cross-boundary payments, cash management and securities settlement, as well as improving the interoperability, connectivity and service efficiency of financial infrastructures.
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings and Chief Executive Officer of CMU OmniClear, said: “CIPS Co., Ltd. has always been our valued partner. Over the years, we have been jointly supporting the mutual market access mechanism between the Chinese Mainland and Hong Kong, connecting the Mainland and international capital markets. We are delighted to further strengthen cooperation with CIPS Co., Ltd. to support the continued development of RMB internationalisation. As a hub connecting and processing diverse transaction and settlement arrangements across international and the Chinese Mainland markets, CMU OmniClear offers a reliable financial infrastructure to consolidate Hong Kong’s status as an international financial centre and the world’s largest offshore RMB business hub.”
From March 2025, CMU OmniClear expanded the membership eligibility of the Central Moneymarkets Unit (CMU) to eligible institutions regulated or supervised by a recognised authority outside Hong Kong, aiming to facilitate greater international participation in the Hong Kong bond market and access to the Chinese Mainland market through Bond Connect.
Serving as financial infrastructures in Hong Kong and the Chinese Mainland, CMU operated by CMU OmniClear and the Cross-border Interbank Payment System (CIPS) operated by CIPS Co., Ltd. have long been vital platforms for the mutual market access mechanism between the two financial markets. CMU is also the first offshore financial infrastructure to become a direct participant of CIPS, providing Delivery-versus-Payment settlement services for HKD- and RMB-denominated transactions under Bond Connect.
CMU OmniClear Limited
8 September 2026
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited and Chief Executive Officer of CMU OmniClear Limited (left), and Mr Wang Hongbo, Chairman of Cross-Border Interbank Payment System Co., Ltd. (right), attend the MOU signing ceremony.
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 Hong Kong Monetary Authority. By the end of June 2026, assets under custody of CMU exceeded HK$5.5 trillion equivalent.
CMU OmniClear drives efficiency and innovation to connect international issuers and investors with 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
For media enquiries, please contact the press office of CMU OmniClear at cmuoc_press@hkma.gov.hk.
