HKMA welcomes CMU's launch of direct linkage with SIX of Switzerland and equity post-trade services by CMU OmniClear, enhancing Hong Kong's role as a global financial gateway.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
SPOTLIGHT ON
FAMILY OFFICES
Initiation of Direct Linkage and Service Commencement
On Wed, 29 Jul 2026, the Hong Kong Monetary Authority ("HKMA") formally acknowledged the activation of the direct linkage connecting Hong Kong’s Central Moneymarkets Unit ("CMU") with Switzerland’s SIX. This event concurrently marks the commencement of equity post-trade services provided by CMU OmniClear Limited (CMU OmniClear).
Strategic Network Expansion and Global Connectivity
Established in 2024, CMU OmniClear operates on behalf of the HKMA to advance the internationalisation and commercialisation of CMU operations. The new connectivity affords CMU Members direct access to securities within the Swiss and Spanish markets. This development augments CMU’s global network, underscoring Hong Kong’s strategic positioning as a conduit between the Chinese Mainland and international markets.
Service Capability and Executive Endorsement
The debut of CMU OmniClear’s equity post-trade services demonstrates CMU’s capacity to deliver a comprehensive suite of services, thereby facilitating more efficient management of diversified asset portfolios. Mr Eddie Yue, Chief Executive of the HKMA and Chairperson of the Board of Directors of CMU OmniClear Holdings Limited, expressed satisfaction regarding the successful launch of both the CMU-SIX linkage and the new equity services.
Asset Custody and Future Strategic Direction
As Hong Kong’s central securities depository infrastructure, CMU held assets under custody exceeding HK$5.5 trillion equivalent as of the end of June 2026. Moving forward, CMU intends to broaden its global footprint and enhance service offerings to address evolving market demands. These efforts aim to further stimulate the development of Hong Kong’s fixed income and currency markets while consolidating its standing as a leading international financial centre.
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