HKEX and HKMA Launch Pilot Program to Provide Digital Payment Solution for Post-Market Trading Session of Derivatives

Odaily Planet Daily News The Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) announced today (June 18) the launch of a joint pilot program to study providing a new digital payment solution for the post-market trading session of the derivatives market. This pilot program aims to optimize Hong Kong's capital market and meet the growing demand for the post-market trading session. HKEX and the HKMA are studying the introduction of the "e-HKD"—a wholesale central bank digital currency (CBDC) operating on a 24/7 basis—for paying initial margin during the post-market trading session, to enhance the risk management capabilities of the derivatives market outside banking hours while maintaining existing operational workflows. (Jin Shi)