This deepens the integration of Chinese assets into the international financial infrastructure.
OTC Clear will be able to settle RMB funds directly via the Cross-Border Interbank Payment System.
The contract is a milestone in developing Hong Kong’s fixed income and currencies ecosystem.
Market participants outside China will be able to acquire exposure to the SHFE flat steel market.
This will help drive greater connectivity between China and fast-growing markets in the Middle East.
Offshore investors welcome potential application of the Global Master Repurchase Agreement.
This connectivity follows the opening of Marex’s new office in Hong Kong this year.
Tokenized money market funds are one of the fastest-growing digital asset classes.
The collaboration comes at a pivotal time for China’s asset management industry.
