Citi Securities Services announced the successful settlement of trades for China Asset Management on Hong Kong Exchanges and Clearing Limited Synapse platform, which went live for trades settlement today. This was among the first trades executed and settled on the newly launched Synapse platform. Synapse is HKEX’s new integrated settlement acceleration platform designed to complement the existing Northbound Stock Connect post-trade infrastructure. Launched in 2014, Stock Connect is a landmark mutual market access program connecting the equity markets of Mainland China and Hong Kong, paving the way for Hong Kong and international investors to access the China A Share market. Citi has worked closely with HKEX, since being invited to participate in the Synapse pilot project in 2019, to develop and bring online a fully automated API-powered Synapse connectivity solution. Citi is the first and only bank in Hong Kong to offer this capability and in the process has fully aligned its custody platform to offer the complete benefits of Synapse to its clients.
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