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Financial and Monetary Affairs
the CMU's links to the two Mainland CSDs. Through its seamless interface with the RTGS systems, the CMU system is able to settle securities transactions on a delivery-versus-payment basis. Besides debt securities, the CMU provides a standardised and automated platform for the investment fund industry to streamline the handling of investment fund order instructions.
Chart 4
HK$ Billion
25,000
External Positions of Als
20,000
20,908
18,779
15,000
17,511
16,662
15,283
10,000
5,000
0
2013
2014
2015
2016
2017
Year
Bond Market Development
Outstanding HKD debt securities, including EFBNs, totalled $1,802.2 billion at the end of 2017.
Chart 5
HK$ Billion
2,000
Total Outstanding HKD Debt Securities
1,500
1,802
1,731
1,525
1,419
1,410
1,000
0
2013.
2014
2015
Year
2016
2017
Open Insurance Market
Hong Kong is one of the most open insurance centres in the world. Of the 159 authorised insurers at the year end, 71 were from the Mainland or overseas jurisdictions. Fourteen of the world's top 20 insurers were authorised to conduct insurance business in Hong Kong either directly or through a group company. The city had 18 professional reinsurers, including most of the world's top reinsurers. Gross premium income was $489.6* billion, an increase of 8.4 per cent over 2016.
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