Hong Kong pilots wholesale application of CBDC in a live market environment

## /markets News and resources on capital markets, exchanges, trade execution and post-trade settlement. #### Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. # Hong Kong pilots wholesale application of CBDC in a live market environment Hong Kong is piloting the use of a central bank digital currency for advance margin payments in after-hours derivatives trading. 2 Likes018 June 2026 [Be the first to comment](https://www.finextra.com/newsarticle/47953/hong-kong-pilots-wholesale-application-of-cbdc-in-a-live-market-environment#comments)  #### Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) are exploring the use of e-HKD in after-hours trading as an alternative to the current 3pm closing time for funds to be counted. HKEX is inviting clearing particiapnts to join the real-time 24/7 pilot initiative on an optional basis HKEX chief operating officer, Vanessa Lau, says: “By exploring the use of CBDC, we aim to provide a more flexible and timely payment option outside of regular business hours, and address longstanding operational pain points in the industry.” HKMA deputy chief executive, Howard Lee, adds: "The joint pilot with HKEX to enable advance margin payments for AHT using e-HKD demonstrates a wholesale application of CBDC in a live market environment, while underscoring our strong partnership with the industry stakeholders in driving financial innovation.” [Sponsored\\ \[Webinar\] Scaling Fintech in Europe: Barriers, Opportunities, and What Comes Next](https://www.finextra.com/banners/banner.aspx?opt=ad&baid=8085) 2 Likes ## Share ### Related Company [Hong Kong Monetary Authority](https://www.finextra.com/company-news/1872/hong-kong-monetary-authority) [Hong Kong Exchange (HKEx)](https://www.finextra.com/company-news/2474/hong-kong-exchange-hkex) ### Channels [/markets](https://www.finextra.com/channel/markets) ### Keywords [cbdc](https://www.finextra.com/keywords/cbdc?news=selected) ## Comments: (0) [Sign in to comment](https://www.finextra.com/community/login.aspx?returnurl=%2fnewsarticle%2f47953%2fhong-kong-pilots-wholesale-application-of-cbdc-in-a-live-market-environment) ## Related news | | | | | --- | --- | --- | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Hong Kong invites applications for Phase 2 CBDC pilot programme](https://www.finextra.com/newsarticle/43849/hong-kong-invites-applications-for-phase-2-cbdc-pilot-programme) | 14 March 2024 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Mastercard simulates e-HKD for multi-token pilot trials](https://www.finextra.com/newsarticle/43244/mastercard-simulates-e-hkd-for-multi-token-pilot-trials) | 07 November 2023 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Visa trials tokenised deposits for e-HKD pilot programme](https://www.finextra.com/newsarticle/43226/visa-trials-tokenised-deposits-for-e-hkd-pilot-programme) | 02 November 2023 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Hong Kong to run e-HK CBDC trials with 16 firms](https://www.finextra.com/newsarticle/42331/hong-kong-to-run-e-hk-cbdc-trials-with-16-firms) | 18 May 2023 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Hong Kong to lay the foundations for e-HKD](https://www.finextra.com/newsarticle/40978/hong-kong-to-lay-the-foundations-for-e-hkd) | 21 September 2022 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Hong Kong publishes CBDC discussion paper](https://www.finextra.com/newsarticle/40147/hong-kong-publishes-cbdc-discussion-paper) | 28 April 2022 | | [/crypto](https://www.finextra.com/channel/crypto) | ### [Hong Kong takes first steps on CBDC journey](https://www.finextra.com/newsarticle/38959/hong-kong-takes-first-steps-on-cbdc-journey) | 05 October 2021 | #### Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.  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