CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) today for cooperation in securities depository and settlement to foster the growth of cross-border investment.
Based on the MOU, the two parties will collaborate in a joint international securities settlement and safekeeping, develop a closer working relationship, and maintain channels for the exchange of information.
Mr Stanley Chan, CEO of CMU OmniClear, said:
“Today marks an important milestone for the CMU OmniClear in developing into a regional central securities depository (CSD) in Asia. With the CMU OmniClear’s unique gateway function between China and global markets, we believe our new partnership with SIX will help Chinese investors to tap into the opportunities in the Swiss and international markets, and allow Swiss investors enhanced access to the Hong Kong and Mainland markets.”
Mr Jos Dijsselhof, CEO at SIX, said:
“We are very pleased with this agreement with such a relevant entity as CMU OmniClear, which we are convinced will be positive for both parties and both areas. Asia is a part of the world where we explore business opportunities with great potential.”
The scope of the cooperation features areas such as mutual support for investment in the Hong Kong, Swiss and international markets. It also includes the mutual exchange of information on operation and market as well as mutual development of business opportunities.
