HKEX and the HKMA Launch Pilot Program to Provide Digital Payment Solutions for After-Hours Trading Sessions in Derivatives
Svmuu News: The Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) announced today (June 18) the launch of a joint pilot project to explore new digital payment solutions for the after-hours trading session in the derivatives market. This pilot project aims to optimize Hong Kong’s capital markets and meet the market’s growing demand for after-hours trading sessions. HKEX and the HKMA are exploring the introduction of a “digital Hong Kong dollar” —a wholesale-level central bank digital currency (CBDC) operating 24/7—to settle prepayment margins during after-hours trading sessions. This initiative seeks to enhance risk management capabilities in the derivatives market outside of banking hours while maintaining existing operational processes. (Jinshi)
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