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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Hong Kong and Malaysia to start cross-border Islamic bond trading system

Posted on 14 March 2012

The Hong Kong Monetary Authority will start a pilot platform with Bank Negara Malaysia and Euroclear Bank SA to spur trading of sukuk and Dim Sum bonds as the city aims to become China’s hub for Islamic finance and offshore yuan transactions.
The platform, which will start on March 30, will allow investors in Malaysia to buy yuan-denominated bonds in Hong Kong, Esmond Lee, executive director for financial infrastructure of the city’s de-facto central bank said………………………………………..Full Article: Source

 
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