Hong Kong Monetary Authority Raises Offshore RMB Repo Facility to RMB22 Billion
Photo: TokenPost
The Hong Kong Monetary Authority (HKMA) will raise its dedicated repo facility for Hong Kong’s offshore renminbi market to RMB22 billion from RMB20 billion, a 10% increase intended to bolster liquidity and the city’s role in offshore RMB business. The HKMA designated 12 banks as primary liquidity providers for a new two-year term starting Oct. 27, 2026, when the existing term ends. The banks are Agricultural Bank of China Limited; Bank of China (Hong Kong) Limited; Bank of Communications Co., Ltd.; BNP Paribas; China CITIC Bank International Limited; China Construction Bank (Asia) Corporation Limited; Citibank, N.A.; Deutsche Bank AG; Hang…
Source: TokenPost
