TechFlow News, June 18: Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) today announced a joint pilot initiative to explore new digital payment solutions during post-market trading hours in the derivatives market. This pilot aims to enhance Hong Kong’s capital markets and meet the growing market demand for trading beyond regular market hours. HKEX and the HKMA are exploring the use of “e-HKD”—a wholesale central bank digital currency (CBDC) operating 24/7—to settle pre-funded margin payments during post-market trading hours. This would strengthen risk management capabilities in the derivatives market outside of banking hours while maintaining existing operational processes unchanged. (Jinshi)
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