香港金管局：离岸人民币债券回购业务的优化安排正式启动

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has officially launched the optimized offshore RMB bond repurchase business on August 25, 2023, to support collateral bond reuse and foreign currency settlement [1]. Group 1: Optimized Offshore RMB Bond Repurchase Business - The HKMA announced the optimization of the offshore RMB bond repurchase business in July 2023, aimed at facilitating "Bond Connect" (Northbound) investors' participation [1]. - The first trading day recorded over 60 transactions from at least 25 financial institutions, involving amounts exceeding 3 billion RMB equivalent, with settlement currencies including RMB, HKD, USD, and EUR [1]. - The optimization measures include allowing collateral bonds to be reused during the repurchase period and supporting foreign currency settlements, enhancing liquidity management tools [2]. Group 2: Market Development and Policy Support - The HKMA plans to continue promoting the offshore RMB repurchase business in collaboration with relevant mainland departments and the industry, creating more policy space to foster a favorable market environment [1]. - The two optimization measures aim to align with international market practices, improve operational convenience, and expand the depth and breadth of the offshore repurchase market [2]. - The enhancements are expected to improve the attractiveness of onshore bonds in the offshore market as collateral [2].