Regulatory Alerts2011-02-18
Added · Updated
Preparation for Potential Listing of Products Denominated in Renminbi (RMB)
The Hong Kong Monetary Authority directs authorized institutions to prepare their operational, financial, and system infrastructures for the potential listing of RMB-denominated investment products on the Stock Exchange of Hong Kong. Institutions must define their roles in the IPO and settlement processes, implement necessary internal controls, and ensure adequate staffing and resource allocation to handle increased demand for RMB banking services. Furthermore, authorized institutions acting as CCASS participants are required to attend regulatory briefings and successfully complete end-to-end readiness tests to verify their capability to deal in listed RMB securities.
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