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 来源：中国新闻网 12月29日，香港金融管理局表示，自人民币业务资金安排第二阶段起，参与银行名单已扩大至40 家，分配给参与银行的总额度由前阶段的500亿元人民币增加至1000亿元人民币。 (香港金融管理局 供图) 金管局总裁余伟文表示，在中国人民银行的支持下，金管局将不时审视新安排的落实情况，按实际运作 和市场需求，适时考虑引入更多的参与银行，支持实体经济更广泛使用人民币，推动香港离岸人民币业 务持续发展。(完) 编辑：郭晋嘉 广告等商务合作，请点击这里 中新网香港12月29日电 香港金融管理局(简称"金管局")29日表示，自人民币业务资金安排第二阶段起， 参与银行名单已扩大至40家，分配给参与银行的总额度由前阶段的500亿元人民币增加至1000亿元人民 币。 本文为转载内容，授权事宜请联系原著作权人 金管局称，人民币业务资金安排第二阶段已于12月1日开始，40家参与银行可在获分配的额度内向金管 局借取人民币资金，为香港及海外的企业客户提供用于实体经济的人民币融资服务。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 ...

（原标题：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） 【导读】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 中国基金报记者 郭玟君 12月29日，香港金融管理局（以下简称香港金管局）公布，自人民币业务资金安排第二阶段起，参与银 行名单已扩大至40家，分配给参与银行的总额度由前阶段的人民币500亿元增加至人民币1000亿元。 人民币业务资金安排 据香港金管局介绍，人民币业务资金安排分三个阶段推出。第一阶段已于10月9日推出。已获分配人民 币贸易融资流动性安排额度的认可机构，可享受降低利率、将集团内融资活动纳入合资格范围、简化动 用安排流程，以及期限在原有的1个月、3个月和6个月选项基础上，扩展至包含1年。 第二阶段于12月1日开始。40家参与银行可在获分配的额度内向香港金管局借取人民币资金，为香港本 地及海外的企业客户提供用于实体经济的人民币融资服务。 人民币业务资金安排由第二阶段起，进一步扩大所涵盖的合资格人民币资金用途范围至人民币资本支 出，以及营运资金定期贷款。香港金管局透露，对此优化安排，银行业界反应正面。 香港金管局表示，分配给40家参 ...

【导读】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 据悉，人民币业务融资安排将于2026年2月2日起进入第三阶段，并进行额外优化，以支持参与认可机构 对回购交易的抵押品管理：回购交易的抵押品管理将从手动处理迁移至使用债务工具中央结算系统三方 回购服务的更自动化解决方案。此后，抵押品的生命周期管理及回购交易的结算，包括但不限于抵押品 置换以及证券的选择和转移，将在该服务下自动处理。抵押品扣减比率和保证金维持要求将根据此变更 进行细化。 香港金管局表示，参与人民币业务融资安排第三阶段的认可机构须在2026年1月底前为该服务的使用做好 运营准备。参与的认可机构应尽快与债务工具中央结算系统接洽，规划其内部工作流程并进行演练。 12月29日，香港金融管理局（以下简称香港金管局）公布，自人民币业务资金安排第二阶段起，参与银 行名单已扩大至40家，分配给参与银行的总额度由前阶段的人民币500亿元增加至人民币1000亿元。 人民币业务资金安排分三阶段推出 据香港金管局介绍，人民币业务资金安排分三个阶段推出。第一阶段已于10月9日推出。已获分配人民币 贸易融资流动性安排额度的认可机构，可享受降低利率、 ...

人民币业务资金安排分三阶段推出 据香港金管局介绍，人民币业务资金安排分三个阶段推出。第一阶段已于 10 月 9 日推出。 已获分配人民币贸易融资流动性安排额度的认可机构，可享受降低利率、将集团内融资活动 纳入合资格范围、简化动用安排流程，以及期限在原有的 1 个月、 3 个月和 6 个月选项基 础上，扩展至包含 1 年。 第二阶段于 12 月 1 日开始。 40 家参与银行可在获分配的额度内向香港金管局借取人民币 资金，为香港本地及海外的企业客户提供用于实体经济的人民币融资服务。 人民币业务资金安排由第二阶段起，进一步扩大所涵盖的合资格人民币资金用途范围至人民 币资本支出，以及营运资金定期贷款。香港金管局透露，对此优化安排，银行业界反应正 面。 【导读】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 中国基金报记者 郭玟君 香港金管局表示，分配给 40 家参与银行的具体额度，是基于各银行现有的人民币融资业务规 模、预期业务需求，以及其集团内海外银行机构的地域覆盖度 —— 这些因素均体现了各银行 12 月 29 日，香港金融管理局（以下简称香港金管局）公布，自 人民币业务资金安排 第二 ...

Core Points - The Hong Kong Monetary Authority (HKMA) is launching the "Renminbi Business Funding Arrangement" starting from October 9, 2025, to replace the "Renminbi Trade Financing Liquidity Arrangement" introduced in February 2025, with multiple optimization measures and expanded eligible funding uses [1][2] - This new arrangement aims to provide enterprises with long-term Renminbi financing for trade, daily operations, and capital expenditures, thereby supporting the real economy's use of Renminbi [1] - The total quota for the "Renminbi Business Funding Arrangement" is set at 100 billion Renminbi, to be implemented in three phases [2] Industry Insights - The demand for Renminbi as a financing currency has significantly increased, as evidenced by the loan-to-deposit ratio for Renminbi in the banking sector rising from approximately 20% in September 2022 to over 90% in June 2025, indicating a growing need for long-term Renminbi loans among enterprises [1] - The HKMA's previous initiatives, including the introduction of the Renminbi Liquidity Facility in June 2012 and the Renminbi Trade Financing Liquidity Arrangement in February 2025, have been responses to the evolving offshore Renminbi market and its liquidity needs [2] - The new arrangement is expected to enhance Hong Kong's position as a leading global offshore Renminbi business hub by broadening the scope of eligible funding uses compared to the previous arrangement [2] Future Outlook - As the use of Renminbi in cross-border investments becomes more convenient, interest from foreign investors in Renminbi assets is anticipated to grow, promoting the internationalization of Renminbi asset allocation [3] - Strengthening regulatory coordination and cross-border cooperation is essential, including enhancing the interconnectivity of cross-border payment systems, improving financial infrastructure, and developing cross-border settlement mechanisms [3]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) is launching the "Renminbi Business Funding Arrangement" starting from October 9, 2025, to replace the previously introduced "Renminbi Trade Financing Liquidity Arrangement" and aims to support the use of Renminbi in the real economy [1][2]. Group 1 - The "Renminbi Business Funding Arrangement" has a total quota of 100 billion Renminbi and will be implemented in three phases [2]. - The new arrangement responds to the growing demand in the offshore Renminbi market and is expected to further enhance Hong Kong's position as a global offshore Renminbi business hub [2]. - The HKMA noted that the loan-to-deposit ratio for Renminbi in the banking sector increased from approximately 20% in September 2022 to over 90% by June 2025, indicating a significant rise in demand for long-term Renminbi loans [1]. Group 2 - The arrangement aims to provide enterprises with long-term Renminbi financing for trade, daily operations, and capital expenditures, thereby supporting the real economy [1]. - The HKMA's previous measures, including the introduction of the Renminbi liquidity arrangement in June 2012 and the trade financing liquidity arrangement in February 2025, were designed to address short-term liquidity issues in the offshore Renminbi market [2]. - The expansion of eligible funding uses under the new arrangement is expected to stabilize long-term funding sources for the offshore market, which has been limited by a liquidity pool of around 1 trillion Renminbi [2]. Group 3 - As the use of Renminbi in cross-border investments becomes more convenient, interest from foreign investors in Renminbi assets is expected to increase, promoting the internationalization of Renminbi assets [3]. - Strengthening regulatory coordination and cross-border cooperation is essential, including enhancing the interconnectivity of cross-border payment systems and improving financial infrastructure [3].

Core 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]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) will launch a new "Renminbi Business Funding Arrangement" on October 9, aimed at expanding the eligible uses of funds and optimizing Renminbi liquidity arrangements to enhance offshore Renminbi business and its use in the real economy [1][2] Group 1: New Funding Arrangement - The new funding arrangement will be implemented in three phases, starting with a lower interest rate for participating banks using Renminbi business funding, calculated based on the Shanghai Interbank Offered Rate, eliminating the previous 25 basis points premium [1] - Participating banks will be allowed to provide Renminbi trade financing services to corporate clients through overseas bank institutions within the same group, enhancing Hong Kong's influence in the offshore market [1] Group 2: Phased Implementation - The second phase, starting December 1, will include specific Renminbi capital expenditure and operating loan arrangements, significantly increasing the scenarios for participating banks and overseas institutions to utilize the funding arrangement [1] - The third phase, beginning February 2 next year, will allow participating banks to change collateral during repurchase transactions as needed, with automated management and settlement processes to ensure liquidity in the collateral market [1] Group 3: Optimization of Liquidity Arrangements - The HKMA will also optimize Renminbi liquidity arrangements by reallocating daytime and overnight Renminbi funding quotas to meet the growing demand for cross-border Renminbi payment settlements [2] - The introduction of two-week and one-month term repurchase agreements for T+1 settlements will provide banks with greater flexibility in managing funds [2] Group 4: Market Demand for Renminbi - There has been a significant increase in demand for Renminbi as a financing currency, with the loan-to-deposit ratio for Renminbi loans in the banking sector rising from approximately 20% in September 2022 to over 90% in June this year [2] - There is also a growing demand from enterprises for longer-term Renminbi loans [2]

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]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) announced the optimization of the Renminbi liquidity arrangement to better meet the liquidity demands arising from the growth of offshore Renminbi business, effective from October 9, 2025 [1][3]. Summary by Sections Optimization Measures - The HKMA will replace the existing Renminbi Trade Financing Liquidity Arrangement with the "Renminbi Business Liquidity Arrangement," maintaining a total liquidity amount of 40 billion Renminbi, redistributing it to 30 billion Renminbi for daytime and 10 billion Renminbi for overnight liquidity [3]. - New T+1 repurchase agreements with two-week and one-month terms will be introduced, alongside existing one-day and one-week options, with rates referencing current market rates [3]. Implementation Phases - **Phase 1 (Effective October 9, 2025)**: Banks will access the new arrangement at lower rates, based on the Shanghai Interbank Offered Rate, eliminating a previous 25 basis point premium. The arrangement will also allow banks to provide Renminbi trade financing through overseas branches [4]. - **Phase 2 (Effective December 1, 2025)**: Specific Renminbi capital expenditure and working capital loans will be included in the eligible business scope, enhancing predictability and stability in Renminbi funding costs for banks [5]. - **Phase 3 (Effective February 2, 2026)**: Introduction of a third-party repurchase service by the Central Moneymarkets Unit (CMU), allowing banks to change collateral during the repurchase period, transitioning to a more automated operation [5]. Market Context - The HKMA noted significant growth in offshore Renminbi business, with the loan-to-deposit ratio for Renminbi in the banking sector rising from approximately 20% in September 2022 to over 90% by June 2025, indicating increasing demand for long-term Renminbi loans [7]. - The HKMA's measures aim to ensure sufficient liquidity in the market to support the expansion of offshore Renminbi business and promote its use in the real economy [8].