建设亚洲“国际中央证券存管机构”:香港的优势

Building Asia’s “The International Central Securities Depository Institution (ICSD)”: Hong Kong’s Advantages

国际中央证券存管机构(ICSD)是国际金融市场中重要的金融基础设施之一。多年来,国际市场不断整合区域性的金融基建平台以减少跨境交易与结算成本,进一步推动了区域经济和金融一体化。人民币国际化和亚洲债市的迅速发展将吸引更多的跨区、跨境证券投资活动,在亚洲地区建设安全、可靠的跨境交易、结算及托管体系的需求愈加明显,符合国际规范的金融基础设施有助于推动人民币国际化的进程。香港享有独特的金融中心地位,可连接亚洲与国际金融市场,依托成熟的金融体系与互联互通的制度框架,在香港建设符合国际规范的亚洲ICSD金融基础设施,有望进一步提升亚洲地区交易后托管结算、抵押品管理服务的能力,促进中国内地与国际金融市场的通行标准接轨,为人民币国际化提供重要支持。

The international central securities depository institution(ICSD) is one of the important financial infrastructures in the international financial market. Over the years, international markets have continued to integrate regional financial infrastructure platforms to reduce crossborder transaction and settlement costs, further promoting regional economic and financial integration. The internationalization of RMB and the rapid development of Asian bond market will attract more cross-regional and cross-border securities investment activities, and the demand for building a safe and reliable cross-border transaction, settlement and custody system in Asia will become more obvious. The financial infrastructure conforming to international norms will help promote the internationalization of RMB. Hong Kong enjoys unique status of financial centre, can connect with the international financial markets in Asia, relying on a mature financial system and the connectivity of the institutional framework, construction in Hong Kong Asia in conformity with the international standard ICSD financial infrastructure, after a deal is expected to further enhance the region hosting the ability of clearing, collateral management services, to promote the Chinese mainland and the norms of the international financial market, provide important support for the internationalization of RMB.