English
Launch of cross-boundary bond repo transaction settlement service for Northbound Bond Connect investors
CMU OmniClear Limited (CMU OmniClear) is pleased to announce the official launch of cross-boundary bond repurchase agreement (repo) transaction settlement service for Northbound Bond Connect investors, effective today (26 September). This follows the introduction of the cross-boundary bond repo business, which is jointly supported by the Hong Kong Monetary Authority (HKMA), the People’s Bank of China, the China Securities Regulatory Commission and the State Administration of Foreign Exchange (Note 1).
The new policy measure allows offshore institutional investors to utilise their bonds held under Northbound Bond Connect to engage in cross-boundary repo transactions, thereby obtaining onshore RMB liquidity for their offshore use.
This represents another significant step in mobilising onshore bonds as collateral in international markets. The cross-boundary bond repo service, combined with the offshore RMB bond repo business arrangement introduced in January 2025 (Note 2), will create a synergistic effect. Offshore institutional investors will have more agile tools for RMB liquidity and risk management, thereby attracting additional investments into the onshore RMB fixed-income products.
CMU OmniClear is committed to enhancing collateral management services and supporting the ongoing development of the Bond Connect scheme, further solidifying Hong Kong's position as a leading offshore RMB business hub.
CMU OmniClear Limited
26 September 2025
Note 1: Please refer to the HKMA press release
Note 2: Please refer to the HKMA press release
The new policy measure allows offshore institutional investors to utilise their bonds held under Northbound Bond Connect to engage in cross-boundary repo transactions, thereby obtaining onshore RMB liquidity for their offshore use.
This represents another significant step in mobilising onshore bonds as collateral in international markets. The cross-boundary bond repo service, combined with the offshore RMB bond repo business arrangement introduced in January 2025 (Note 2), will create a synergistic effect. Offshore institutional investors will have more agile tools for RMB liquidity and risk management, thereby attracting additional investments into the onshore RMB fixed-income products.
CMU OmniClear is committed to enhancing collateral management services and supporting the ongoing development of the Bond Connect scheme, further solidifying Hong Kong's position as a leading offshore RMB business hub.
CMU OmniClear Limited
26 September 2025
Note 1: Please refer to the HKMA press release
Note 2: Please refer to the HKMA press release
