Cross-border investment platform to be set in Hong Kong

0 Comment(s)Print E-mail Xinhua, March 13, 2012
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A pilot platform on cross- border investment and debt-securities settlement will be launched on March 30, the Hong Kong Monetary Authority said here Tuesday.

The platform will enhance efficiency in cross-border debt-securities settlement, and strengthen capacity in debt-securities issuance activities in the Asian region.

Through the platform, investors in Hong Kong and Malaysia can buy and hold foreign debt securities and settle cross-border transactions on a delivery-versus-payment basis, while local and international bond issuers can issue a wide range of debt securities.

The platform includes a comprehensive debt-securities database of Asian debt securities maintained by Euroclear Bank.

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