香港金管局：人民币业务资金安排第二阶段参与银行增至40家 总额度翻倍至1000亿元

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has expanded the number of banks participating in the Renminbi (RMB) liquidity arrangement to 40, doubling the total allocation from RMB 50 billion to RMB 100 billion [1][4]. Group 1: RMB Business Funding Arrangement - The RMB business funding arrangement is being implemented in three phases, with the first phase launched on October 9, allowing recognized institutions to access reduced interest rates and simplified processes [4]. - The second phase began on December 1, enabling 40 participating banks to borrow RMB funds from HKMA to provide financing services for local and overseas enterprises [4]. - The scope of eligible RMB funding uses has been expanded to include capital expenditures and term loans for working capital [4][7]. Group 2: Future Developments - The third phase of the RMB business funding arrangement will commence on February 2, 2026, introducing automated solutions for collateral management in repurchase transactions [5]. - Participating institutions must prepare for operational readiness by the end of January 2026 and engage with the Centralized Debt Instrument Settlement System [5]. Group 3: Industry Impact - The new RMB business funding arrangement aims to enhance the terms and broaden the scope of eligible RMB financing activities, replacing the previous RMB trade financing liquidity arrangement [7][8]. - The HKMA's president emphasized the commitment to continuously review the implementation of the new arrangements and consider adding more participating banks to support the broader use of RMB in the real economy [8].