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OCBC, Bangkok Bank, First Abu Dhabi join Hong Kong's US$14 billion offshore yuan scheme
Yahoo Finance· 2025-12-29 09:30
Leading banks from Southeast Asia and the Middle East - including OCBC, Bangkok Bank, First Abu Dhabi Bank and Qatar National Bank - have joined the Hong Kong Monetary Authority's (HKMA) expanded yuan liquidity facility, underscoring the city's push as a global offshore renminbi (RMB) business hub. The HKMA said on Monday it had doubled the quota it allocated to banks under the Renminbi Business Facility to 100 billion yuan (US$14 billion) from December 1, the maximum allowed under the scheme. The numbe ...