On the 4th, the Hong Kong Stock Exchange signed a memorandum of cooperation with Xunqing Clearing Limited (Xunqing Clearing), a wholly-owned subsidiary of the Exchange Fund, to optimize the post trading securities infrastructure of the Hong Kong capital market and support the long-term development of the fixed income and currency product ecosystem in Hong Kong. According to the memorandum, Xunqing Settlement and the Hong Kong Stock Exchange will explore and cooperate in areas such as optimizing efficiency across asset classes (including stocks and fixed income), expanding the use of mainland bonds as collateral, and enhancing Hong Kong's position as a bond issuing center, in order to consolidate and enhance Hong Kong's position as an international financial center, global risk management center, and offshore RMB business hub. The Chief Executive of the Hong Kong Monetary Authority and Chairman of the Board of Directors of Xunqing Clearing, Yu Weiwen, stated that this memorandum is an important milestone, and both parties will be committed to supporting the development of the Hong Kong capital market, providing the market with richer products covering more asset classes, and promoting the sustainable development and innovation of the Hong Kong financial market. Chen Yiting, CEO of the Hong Kong Stock Exchange Group, stated that the memorandum highlights the strategic commitment of the Hong Kong Stock Exchange to building a dynamic and world leading fixed income and currency product ecosystem in Hong Kong. She hopes that this cooperation can promote the development of Hong Kong's fixed income market and the internationalization of the Renminbi. (New Society)