BOC HONG KONG(HK:02388) Zhong Guo Xin Wen Wang·2025-10-09 10:58Core Points - The Hong Kong Monetary Authority (HKMA) has officially implemented the "Renminbi Business Funding Arrangement" as of October 9, 2023, aimed at enhancing the use of Renminbi in offshore markets [1][3] - The arrangement replaces the previous "Renminbi Trade Financing Liquidity Arrangement" and is being rolled out in three phases to ensure sufficient liquidity for expanding offshore Renminbi business [3] Company Insights - Bank of China (Hong Kong) has initiated the first batch of funding arrangements, providing Renminbi trade financing to multiple enterprises in Hong Kong, including support for a mainland company operating in Indonesia and a local company in Cambodia [1][3] - The bank's Vice President, Wang Huabin, reported that the volume of Renminbi financing business increased by over 30% year-on-year in the first three quarters of 2025, indicating a significant rise in demand for Renminbi in cross-border operations [3] Industry Implications - The new funding arrangement simplifies transaction processes and offers longer financing term options for enterprises, thereby injecting new momentum into the offshore Renminbi market [3] - The initiative is expected to benefit more enterprises "going global" by allowing participating banks to provide Renminbi trade financing services through their overseas branches [3]