Bourse operator Hong Kong Exchanges and Clearing (HKEX) is making a substantial investment in the Hong Kong Monetary Authority (HKMA)’s CMU OmniClear Holdings, marking a new phase in the development of the city’s financial market infrastructure.
The HKEX would invest as much as HK$455 million (US$58.5 million) to acquire a 20 per cent stake in the HKMA’s wholly owned subsidiary, while the HKMA’s Exchange Fund will retain an 80 per cent share, the city’s de facto central bank said in a statement…Bourse operator Hong Kong Exchanges and Clearing (HKEX) is making a substantial investment in the Hong Kong Monetary Authority (HKMA)’s CMU OmniClear Holdings, marking a new phase in the development of the city’s financial market infrastructure.
The HKEX would invest as much as HK$455 million (US$58.5 million) to acquire a 20 per cent stake in the HKMA’s wholly owned subsidiary, while the HKMA’s Exchange Fund will retain an 80 per cent share, the city’s de facto central bank said in a statement…  Read More ​Business – South China Morning Post