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HKMA and SIX Sign MOU to Enhance Cross-Border Securities Settlement and Investment Opportunities

HK

HKMA and SIX Sign MOU to Enhance Cross-Border Securities Settlement and Investment Opportunities
HK

HK

HKMA and SIX Sign MOU to Enhance Cross-Border Securities Settlement and Investment Opportunities

2024-10-18 19:10 Last Updated At:19:18

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities

The following is issued on behalf of the Hong Kong Monetary Authority:

CMU OmniClear Limited (CMU OmniClear), a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) today (October 18) for co-operation in securities depository and settlement to foster the growth of cross-border investment.

Based on the MOU, the two parties will collaborate in a joint international securities settlement and safekeeping, develop a closer working relationship, and maintain channels for the exchange of information.

The CEO of CMUOmniClear, Mr Stanley Chan, said, "Today marks an important milestone for the CMU OmniClear in developing into a regional central securities depository (CSD) in Asia. With the CMU OmniClear's unique gateway function between China and global markets, we believe our new partnership with SIX will help Chinese investors to tap into the opportunities in the Swiss and international markets, and allow Swiss investors enhanced access to the Hong Kong and Mainland markets."

The CEO at SIX, Mr Jos Dijsselhof, said, "We are very pleased with this agreement with such a relevant entity as CMU OmniClear, which we are convinced will be positive for both parties and both areas. Asia is a part of the world where we explore business opportunities with great potential."

The scope of the co-operation features areas such as mutual support for investment in the Hong Kong, Swiss and international markets. It also includes the mutual exchange of information on operation and market as well as mutual development of business opportunities.

About CMU OmniClear Limited

CMU OmniClear Limited is a wholly owned subsidiary of the Exchange Fund established to operate the Central Moneymarkets Unit system (CMU) on behalf of the HKMA. Since 1990, the CMU has provided secure and efficient clearing, settlement and custodian services for Hong Kong's multi-currency debt securities and those in international markets. Over the years, the CMU has continuously established linkages with regional and international central securities depositories to expand its issuer and investor reach globally. With the launch of Bond Connect scheme in 2017, the CMU has become a pivotal financial market infrastructure serving both onshore and offshore market participants.

Please visit www.cmu.org.hk for more information about the CMU.

About SIX

SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centres, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4 160 employees and a presence in 19 countries.

Please visit www.six-group.com for more information about SIX.

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities  Source: HKSAR Government Press Releases

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities Source: HKSAR Government Press Releases

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities  Source: HKSAR Government Press Releases

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities Source: HKSAR Government Press Releases

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities  Source: HKSAR Government Press Releases

CMU OmniClear Limited and SIX sign MOU to unlock further cross-border investment opportunities Source: HKSAR Government Press Releases

Enrolled Nurse (General) Training Programme for Welfare Sector 2026-27 invites applications

The Social Welfare Department (SWD) announced that the full-time Enrolled Nurse (General) Training Programme for the Welfare Sector 2026-27 is inviting applications starting today (January 12). The programme, which will last for two years, with a total of 427 places, aims to train students to become enrolled nurses to alleviate the shortage of nurses in the welfare sector and enhance the quality of care services.

In response to the keen demand for nurses in the welfare sector, the SWD has commissioned the Hong Kong Metropolitan University, Saint Francis University and the Tung Wah College to provide the Enrolled Nurse (General) Training Programme for the Welfare Sector for five consecutive years starting from the 2023-24 academic year.

An SWD spokesman said, "Applicants for the programme must be permanent Hong Kong residents with right of abode in Hong Kong and have attained the age of 18 by the time the training programme commences. They must also have attained Level2 or above in five subjects, including Chinese Language, English Language, Mathematics and any two other subjects in Categories A (Note) and B, in the Hong Kong Diploma of Secondary Education Examination; or an equivalent qualification. Applicants are also required to take note of other entry requirements as specified by respective training institutes."

The spokesman added, "To encourage young people and frontline staff currently serving the welfare sector to upgrade their professional skills, priority will be accorded to applicants who have successfully completed the two-year Diploma Programme and obtained the diploma under the Navigation Scheme for Young Persons in Care Services launched in 2015 (or under the First-hire-then-train Pilot Scheme from 2013 to 2016) by the SWD; or those who are currently working full-time in non-governmental organisations (NGOs) or private organisations providing elderly, rehabilitation, family and child care, youth or correctional services. Individuals who aspire to pursue a career as enrolled nurses in the welfare sector are also welcome."

Tuition fees will be reimbursed to trainees in full on the condition that they have successfully completed the training programme and qualified to register as enrolled nurses within two years. Trainees will be required to sign an undertaking to work as an Enrolled Nurse (General) in NGOs or private organisations recognised by the SWD for providing elderly, rehabilitation, family and child care, or correctional services for a continuous period of no less than three years after completion of the training.

Information seminars on the training programme will be held by the three institutes starting from January. Details of the information seminars are set out in the table below:

Training institute

Date and time of information seminar

Website

Enquiry number

Hong Kong Metropolitan University

2pm,

January 27

Programme content (Chinese only)

www.hkmu.edu.hk/nhs/tc/programmes-courses/nursing-and-health-studies/sub-degree-programmes/hdngf1_hdngosf1/

Application

admissions.hkmu.edu.hk/ug/online-application

3970 2928 /

3970 2957

Saint Francis University

3pm, February 6

Programme content

www.sfu.edu.hk/en/programmes/sub-degree-programmes/higher-diploma-in-enrolled-nursing-general-hden-swd/introduction/index.html

Application

onlineapplication.sfu.edu.hk/oa/admission/hdenswdForm

3702 4388

Tung Wah College

3.30pm, January 28

Programme content

www.twc.edu.hk/en/Programmes/hdn_swd

Application

www.twc.edu.hk/admission/

3190 6672

Applications will be closed at 5pm on March 2. For enquiries, please call the enquiry numbers of the training institutes.

Note: "Attained" in Citizenship and Social Development will be accepted as Level 2.

Source: AI-found images

Source: AI-found images

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