Central Banking

HKMA says real-time bond system ready 5-6 weeks

The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.

Yam speaking in Beijing after he met with the People's Bank of China, said the bond issues will hopefully be launched in the first half of this year, but there is no detailed timeframe.

"I certainly hope it will be in the first half, but I cannot say exactly when," he said.

He added that the PBoC is working out quotas and