HKMA, PBOC Back New Trading Platform to Bolster Hong Kong FIC Markets
The post HKMA, PBOC Back New Trading Platform to Bolster Hong Kong FIC Markets appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 08, 2026 10:06 The PBOC, HKMA, and SFC are spearheading a new electronic fixed income and currency trading platform in Hong Kong to enhance market efficiency and RMB internationalisation. The People’s Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA), and the Securities and Futures Commission (SFC) have jointly announced plans to develop an electronic fixed income and currency trading platform (FIC Trading Platform) in Hong Kong. The initiative aims to strengthen financial cooperation between Hong Kong and Mainland China while reinforcing Hong Kong’s role as a global financial hub and offshore RMB centre. The platform, a collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX), reflects efforts to modernise Hong Kong’s market infrastructure. By adhering to inter