香港金管局：跨境债券回购业务将为香港离岸人民币市场提供更稳定的流动性

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has officially launched a cross-border bond repurchase business, in collaboration with the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, to enhance liquidity in the offshore RMB market and reduce financing costs for RMB [1][2] Group 1 - The cross-border bond repurchase business allows all foreign institutions that have entered the onshore bond market, including "Bond Connect" investors, to participate in onshore bond repurchase activities [1] - This initiative follows the HKMA's introduction of offshore RMB bond repurchase business in February 2023, marking another significant policy to stabilize liquidity in the offshore RMB market [1] - The cross-border and offshore RMB repurchase businesses complement each other, meeting the asset allocation and liquidity management needs of offshore investors, thereby enhancing the international appeal of onshore bonds [1] Group 2 - HKMA's Chief Executive, Eddie Yue, expressed satisfaction with the launch of the cross-border repurchase business, emphasizing its role in optimizing the "Bond Connect" initiative [2] - The measures are expected to improve liquidity in the Hong Kong offshore RMB market and increase the willingness of foreign investors to allocate RMB assets [2] - The initiative aims to diversify offshore RMB business development and further solidify Hong Kong's position as an international financial center and offshore RMB business hub [2]