Over the last decade, Hong Kong has become the most common location for Asian international bonds to be arranged, according to ICMA’s Asian International Bond Markets: Development and Trends report published this year. In 2021, solid growth in the Hong Kong bond market was recorded – new issuance increased by 9% year-on-year to reach US$401.6 billion.

With the launch of Southbound Trading of Bond Connect in September 2021, eligible Mainland investors are now able to participate in Hong Kong bond market. This helps broaden the investor base in Hong Kong, which in turns facilitate Hong Kong’s bond market development.

To capitalise on the market growth, arrangers in Hong Kong have to maintain sufficient liquidity to support their growing primary issuance business. And, there are various liquidity solutions in the market to facilitate arrangers to do so.

Being a major financial infrastructure provider in Hong Kong, the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority has been providing different liquidity management solutions to market participants in order to support the bond market development in Hong Kong.  In this session, the CMU is going to introduce collateralised lending as a liquidity solution and explain how it could support arrangers in the primary issuance process.

This session is particularly relevant to TMA members working in debt capital market and post trade settlement functions.  

Speakers

Mr. Raymond Ng

Senior Manager, CMU

Hong Kong Monetary Authority

Raymond Ng is responsible for the operation and development of CMU.  CMU is a Central Securities Depository of debt securities in Hong Kong, providing clearing and settlement services for Exchange Fund papers, Government Bonds and corporate bonds.  It also supports the liquidity facilities provided by the HKMA and other settlement institutions through various repo arrangements.  Before taking up the current post, Raymond handled the licensing and regulation stored value facilities and retail payment systems in Hong Kong under the Monetary Management department.

Hong Kong Monetary Authority

Christy Wong is a manager of the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority (HKMA). She is responsible for market outreach activities and promoting new initiatives of the CMU. Spending over eight years in the financial publication industry before joining the HKMA in 2021, Christy is specialising in liaising with institutional investors in Asia Pacific region. She holds a bachelor’s degree in business administration from the Chinese University of Hong Kong.

Language: English

Deadline for Registration and Payment: 11 July 2022 or quota is full (whichever is applicable)

Participants are entitled to receive 1 CPD (TMA) credit upon completion of the seminar. TMA is the administrator for the Enhanced Competency Framework on Treasury Management (ECF-TM) and a recognized institution of Securities and Futures Commission (SFC) for providing continuing professional development (CPD) activities. The CPD hours can be used to meet the CPD requirements of the ECF-TM and the SFC. To qualify for the CPD credit or attendance certificate of the webinar, participants are required to use the same registered names and email address when joining/registering the webinar. We regret that neither CPD nor attendance certificate will be given to those who are late for the webinar or leave early. TMA Office will update TMA Individual Members’ CPD record after the webinar is held.