CGB repo clearing is coming to Hong Kong … but not yet
Market wants at least five years to build infrastructure before regulators consider mandate
Regulators in Hong Kong have signalled their intent to promote the central clearing of government bond repurchase agreements, but two market participants say any decision on whether to mandate repo clearing should be at least five years away.
A senior clearing executive says a clearing mandate is a long-term project because “there are many factors” that need to be considered: “Without even
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