The Central Moneymarkets Unit (CMU), established in 1990, is owned by the Hong Kong Monetary Authority (HKMA) and operated as a unit of the HKMA to provide clearing, settlement and custodian service for debt securities issued by both public and private sector entities denominated in Hong Kong dollar and other major currencies. Over the years, the CMU has also developed external links with regional and international debt securities settlement systems to assume a more global reach, allowing overseas investors to hold and settle debt securities lodged with the CMU, and local investors to hold and settle debt securities lodged with overseas systems.[…]