Response to SFC and HKMA unveil roadmap to advance Hong Kong’s vision to be a global fixed income and currency hub
Release Date: 2025-09-25
The Hong Kong Securities & Futures Professionals Association (“The Association”) welcomes the joint publication today by the Securities and Futures Commission and the Hong Kong Monetary Authority of the “Roadmap for the Development of the Fixed Income and Currency (FIC) Markets.” (Roadmap) Launched at a pivotal moment as Hong Kong’s financial markets enter a new phase, the roadmap is pragmatic and forward-looking, offering market participants clear guidance.
Built around four pillars—primary market issuance, secondary market liquidity, offshore RMB business, and next-generation infrastructure—the measures will not only consolidate Hong Kong’s existing strengths but also enhance market efficiency by fostering demand and innovation. We particularly welcome the emphasis on the offshore RMB business, which will further reinforce Hong Kong’s role as a hub for RMB internationalization and create more diversified opportunities for investors and issuers. Moreover, the roadmap’s focus on industry consultation and collaboration demonstrates the regulators’ commitment to working alongside market stakeholders, helping to ensure policies remain grounded in practical needs.
The Association believes that implementing the roadmap will inject fresh momentum into the fixed income and currency markets and support the long-term, diversified development of Hong Kong’s capital markets. We look forward to maintaining close communication with the SFC and HKMA and to jointly advance the relevant initiatives, contributing our professional expertise to Hong Kong’s aspiration to be a global financial centre.
Built around four pillars—primary market issuance, secondary market liquidity, offshore RMB business, and next-generation infrastructure—the measures will not only consolidate Hong Kong’s existing strengths but also enhance market efficiency by fostering demand and innovation. We particularly welcome the emphasis on the offshore RMB business, which will further reinforce Hong Kong’s role as a hub for RMB internationalization and create more diversified opportunities for investors and issuers. Moreover, the roadmap’s focus on industry consultation and collaboration demonstrates the regulators’ commitment to working alongside market stakeholders, helping to ensure policies remain grounded in practical needs.
The Association believes that implementing the roadmap will inject fresh momentum into the fixed income and currency markets and support the long-term, diversified development of Hong Kong’s capital markets. We look forward to maintaining close communication with the SFC and HKMA and to jointly advance the relevant initiatives, contributing our professional expertise to Hong Kong’s aspiration to be a global financial centre.