The Hong Kong Monetary Authority announced on the 12th that its subsidiary, Fast Clearing Holdings Limited, has introduced the Hong Kong Stock Exchange and Clearing Limited as strategic shareholders to optimize the financial infrastructure of Hong Kong's capital market and support the long-term development of Hong Kong's fixed income and money market ecosystem. The Hong Kong Monetary Authority stated that the Hong Kong Stock Exchange will hold a 20% stake in Xunqing Clearing Holdings through subscription of new shares. After the transaction is completed, the Foreign Exchange Fund managed by the Hong Kong Monetary Authority and the Hong Kong Stock Exchange will respectively hold 80% and 20% equity of Xunqing Clearing Holdings. The Foreign Exchange Fund established Xunqing Clearing Holdings in October 2025, with the aim of fully owning Xunqing Clearing Limited, which is responsible for operating the Central Depository and Clearing System (CMU) for debt instruments. The Chief Executive of the Hong Kong Monetary Authority and Chairman of the Board of Directors of Sun Hung Kai Properties Holdings, Yu Wai man, stated that the strategic cooperation between the Hong Kong Monetary Authority, Sun Hung Kai Properties, and the Hong Kong Stock Exchange is an important milestone in the development of Hong Kong's financial infrastructure. It lays the foundation for promoting CMU's development into a diversified asset platform, allowing investors to manage stocks and bonds in one stop, while promoting efficient two-way investment flows between the mainland, Hong Kong, and international markets. The Chief Executive Officer of the Hong Kong Stock Exchange Group, Chen Yiting, stated that as global investors increasingly focus on Asian opportunities, the Hong Kong Stock Exchange will work closely with regulatory agencies and market participants to further enhance Hong Kong's position as a global hub for bond financing, risk management, and offshore RMB business, and unleash its potential as a global fixed income and currency center. (New Society)