PBOC, HKMA, SFC back HK fixed income and FX trading platform
PBOC, HKMA and SFC jointly announced CFETS-HKEX collaboration to build an electronic fixed income and currency (FIC) trading platform in Hong Kong.
The joint initiative deepens Mainland-Hong Kong financial market integration by creating a new venue for RMB fixed income and FX trading. It reinforces Hong Kong's role as an offshore RMB hub and will reshape liquidity, execution and cross-border compliance frameworks for participating dealers.
Alters wholesale market structure, best execution, and cross-border trading compliance obligations for capital markets firms.
Action Required
Assess connectivity, market access, and cross-border data and risk management implications of the new FIC platform.
Tri-regulator endorsement signals strategic market infrastructure build with material impact on FIC trading operations.
New CFETS-HKEX FIC platform will change RMB FIC execution landscape. Evaluate connectivity, onboarding, cross-border data flows, sanctions screening and best execution frameworks ahead of launch.
“The People's Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly welcomed the collaboration between the China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to develop an electronic fixed income and currency trading platform (the FIC Trading Platform) in Hong Kong.”
Published: 2026-07-07