HKMA names 12 Primary Liquidity Providers, lifts RMB repo support

The Hong Kong Monetary Authority has expanded its Primary Liquidity Provider scheme for the offshore renminbi market in Hong Kong, naming 12 banks for a new two-year term and increasing the dedicated RMB repo facility, according to the HKMA’s 23 October 2026 announcement. The HKMA said the new designation takes effect on 27 October 2026, after the current term expires, and runs for two years. The 12 Primary Liquidity Providers are Agricultural Bank of China Limited, Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd., BNP Paribas, China CITIC Bank International Limited, China Construction Bank (Asia) Corporation Limited, Citibank, N.A., Deutsche Bank AG, Hang Seng Bank, Limited, The Hongkong and Shanghai Banking Corporation Limited, Industrial and Commercial Bank of China (Asia) Limited, and Standard Chartered Bank (Hong Kong)…

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