Hong Kong Exchanges and HKMA Launch Pilot for Digital Yuan Payments in Post-Market Derivatives Trading

According to Hong Kong Exchanges and Clearing Limited and the Hong Kong Monetary Authority, the two organizations announced today (June 18) a joint pilot project to research digital payment solutions for post-market trading sessions in the derivatives market. The pilot will explore introducing the Central Bank Digital Currency (CBDC) operating in 24/7 wholesale mode for settling margin deposits in post-market derivatives trading, aiming to enhance risk management capabilities outside banking hours while maintaining existing operational procedures.
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