Memorandum of Understanding to support cross-border financing by Chinese enterprises and promote the development of the Hong Kong bond market between the NDRC and the HKMA

The National Development and Reform Commission (NDRC) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Understanding (MOU) to support cross-border financing by Chinese enterprises and promote the development of the Hong Kong bond market. The MOU aims to strengthen communication and cooperation between the two authorities and facilitate cross-border financing activities by leveraging Hong Kong’s financial and professional services. The areas of cooperation include supporting bond issuance by Chinese enterprises in Hong Kong, organizing joint promotional activities, and promoting the diversified development of the Hong Kong bond market. The NDRC and HKMA will also maintain regular communication to promote the steady and orderly development of cross-border financing activities.

Resource: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2023/10/20231019-3/

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