Core Points - The Hong Kong Monetary Authority (HKMA) is launching a new "Renminbi Business Funding Arrangement" starting October 9, replacing the existing "Renminbi Trade Financing Liquidity Arrangement" [1][3] - The new arrangement will be implemented in three phases, with the first phase allowing banks to use the new funding arrangement at lower interest rates [1][3] - The HKMA has increased the daytime Renminbi funding limit from 20 billion to 30 billion, while reducing the overnight limit from 20 billion to 10 billion [3] Group 1 - The new arrangement aims to better meet the increasing demand for cross-border Renminbi payment settlements [3] - The HKMA's measures are designed to ensure sufficient liquidity in the market to expand offshore Renminbi business [3][4] - The introduction of two-week and one-month term repurchase agreements will provide banks with greater flexibility in managing funds [3] Group 2 - The HKMA's president emphasized the importance of these measures in promoting the use of offshore Renminbi in the real economy [3] - The Hong Kong Banking Association supports the expansion of offshore Renminbi business and encourages close communication with regulatory bodies [3][4] - The optimization measures are expected to enhance the strategic advantages for enterprises closely linked to the mainland market, aiding in managing financing costs [4]
(机遇香港)香港金管局10月9日起优化人民币流动资金安排
Zhong Guo Xin Wen Wang·2025-09-26 13:34