English
CMU OmniClear welcomes expanded use of eligible Bond Connect securities and CMOF bonds as non-cash collateral at HKEX clearing houses
CMU OmniClear Limited (CMU OmniClear) welcomes today (2 November) that Hong Kong Exchanges and Clearing Limited (HKEX) wholly-owned subsidiaries and on-exchange derivatives clearing houses – HKFE Clearing Corporation Limited (HKCC) and The SEHK Options Clearing House Limited (SEOCH) – begin accepting new forms of eligible non-cash collateral. This includes Chinese Government bonds and policy bank bonds held through Northbound Bond Connect (collectively, eligible Bond Connect securities), as well as offshore bonds issued by the Ministry of Finance of the People’s Republic of China (CMOF bonds).
The arrangement marks a significant milestone in broadening the use of RMB-denominated assets as collateral. Market participation was encouraging on the first day, with a total of over RMB400 million worth of eligible Bond Connect securities and CMOF bonds lodged with the Central Moneymarkets Unit (CMU) successfully accepted by HKCC and SEOCH as collateral.
The expanded acceptance of eligible Bond Connect securities and CMOF bonds not only offers market participants greater collateral flexibility but also enables more efficient capital utilisation. By enhancing the useability and mobility of RMB-denominated-assets, the arrangement helps deepen connectivity between onshore and offshore financial markets, advance RMB internationalisation, and reinforce Hong Kong’s leading role as a fixed income and currency (FIC) hub.
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited and Chief Executive Officer of CMU OmniClear, said, “We are delighted to contribute, together with HKEX, to the successful implementation of the bond market enhancement measures announced jointly by the People’s Bank of China, the Hong Kong Monetary Authority and the Securities and Futures Commission in July this year. Leveraging on CMU’s unparalleled role as a one-stop gateway to both onshore and offshore RMB assets, we are committed to supporting the wider use of RMB assets as collateral, solidifying Hong Kong’s position as the global offshore RMB business hub.”
The CMU operated by CMU OmniClear is the core market infrastructure of the Bond Connect Scheme. Since 2010, CMU has been supporting CMOF in issuing offshore bonds.
CMU OmniClear Limited
2 November 2026
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 September 2026, assets under custody of CMU exceeded HK$6 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 arrangement marks a significant milestone in broadening the use of RMB-denominated assets as collateral. Market participation was encouraging on the first day, with a total of over RMB400 million worth of eligible Bond Connect securities and CMOF bonds lodged with the Central Moneymarkets Unit (CMU) successfully accepted by HKCC and SEOCH as collateral.
The expanded acceptance of eligible Bond Connect securities and CMOF bonds not only offers market participants greater collateral flexibility but also enables more efficient capital utilisation. By enhancing the useability and mobility of RMB-denominated-assets, the arrangement helps deepen connectivity between onshore and offshore financial markets, advance RMB internationalisation, and reinforce Hong Kong’s leading role as a fixed income and currency (FIC) hub.
Mr Stanley Chan, Group Chief Executive Officer of CMU OmniClear Holdings Limited and Chief Executive Officer of CMU OmniClear, said, “We are delighted to contribute, together with HKEX, to the successful implementation of the bond market enhancement measures announced jointly by the People’s Bank of China, the Hong Kong Monetary Authority and the Securities and Futures Commission in July this year. Leveraging on CMU’s unparalleled role as a one-stop gateway to both onshore and offshore RMB assets, we are committed to supporting the wider use of RMB assets as collateral, solidifying Hong Kong’s position as the global offshore RMB business hub.”
The CMU operated by CMU OmniClear is the core market infrastructure of the Bond Connect Scheme. Since 2010, CMU has been supporting CMOF in issuing offshore bonds.
CMU OmniClear Limited
2 November 2026
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 September 2026, assets under custody of CMU exceeded HK$6 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.
