香港金管局：自10月9日起推出“人民币业务资金安排” 推动离岸人民币在实体经济中使用

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) is set to launch a new "Renminbi Business Funding Arrangement" on October 9, replacing the existing "Renminbi Trade Finance Liquidity Facility" to enhance the use of offshore Renminbi in the real economy [1] Group 1 - The first phase allows participating banks to access the Renminbi Business Funding Arrangement at lower interest rates, based on the SHIBOR (Shanghai Interbank Offered Rate), eliminating the previous 25 basis points premium [1] - The second phase, starting December 1, will include specific Renminbi capital expenditure and operating funds as eligible business activities [1] - The third phase, commencing on February 2, 2026, will introduce third-party repurchase service arrangements from the Central Moneymarkets Unit (CMU) [1] Group 2 - The HKMA aims to optimize the existing Renminbi liquidity arrangements to promote the use of offshore Renminbi more effectively in the real economy [1]