HK Exchange and HKMA Launch Pilot Project to Provide Digital Payment Solution for Post-Market Trading Session of Derivatives

Odaily Planet Daily News Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) today (June 18) announced the launch of a joint pilot project to study providing a new digital payment solution for the post-market trading session of the derivatives market. This pilot project aims to optimize the Hong Kong capital market and meet the growing demand for post-market trading sessions. 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 pre-funded margins during the post-market trading session, aiming to enhance the risk management capabilities of the derivatives market outside of banking hours while maintaining existing operational processes. (Jinshi)