The Fixed Income and Currency Roadmap, promulgated on Thursday afternoon, focuses on 10 initiatives in four key areas, including promoting primary market issuance, enhancing secondary market liquidity, expanding offshore renminbi business, and building a new generation of market infrastructure, Financial Secretary Paul Chan Mo-po said.

“The roadmap reflects the joint commitment of the Hong Kong Special Administrative Region government and the market to consolidate Hong Kong's position as a leading fixed income and currency center and ensure that the market remains competitive, inclusive and globally connected,” Chan said at the Hong Kong Fixed Income and Currency Forum 2025 on Thursday morning.

The finance chief added that Hong Kong is committed to building a more vibrant fixed income and money market ecosystem to create lasting value and new opportunities for international issuers and investors.

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Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue Wai-man added: “This roadmap is not only a collection of initiatives but rather a forward-looking strategy designed to reinforce Hong Kong’s strength while seizing opportunities.”

“Our goal is not simply to grow markets, but also to enhance the quality, resilience and connectivity to ensure our market can support innovation including new instruments such as tokenized bonds, integrating technology into different platforms, regions and asset classes, and responding to market demand for green and socially responsible investments,” Yue said.

The HKMA chief executive added that it is also necessary to further enhance market liquidity and provide more efficient risk management tools to ensure that the financial system remains robust in the face of global challenges.

Julia Leung Fung-yee, CEO of the Securities and Futures Commission (SFC), said the financial regulator will focus on encouraging more issuers from diverse countries to issue renminbi-denominated fixed-income products.

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“The SFC will also continuously enhance liquidity in the secondary market for offshore renminbi-denominated fixed-income products, and improve risk management mechanisms such as supporting financial institutions to develop more diversified derivative products, promoting the early launch of Chinese mainland treasury bond futures in Hong Kong, and developing the repo market,” she added.