Hong Kong outlines new liquidity reforms as US market rally pulls funds away
City is pressing ahead with market reforms as a surging US stock market intensifies competition for capital
“The SFC is working with the HKEX [Hong Kong Exchanges and Clearing] to develop margin offsets across its clearing houses,” Leung said, adding that the move would free up capital for “more productive” uses.
Leung also said the HKEX’s clearing house, OTC Clear, would enable same-day settlement for bond deposits and withdrawals later this year, streamlining the process and making non-cash collateral “a more attractive funding pool”.
