Hong Kong Monetary Authority Raises Offshore RMB Repo Facility to RMB22 Billion

The Hong Kong Monetary Authority (HKMA) will raise its dedicated repo facility for Hong Kong’s offshore renminbi market to RMB22 billion from RMB20 billion, a 10% increase intended to bolster liquidity and the city’s role in offshore RMB business. The HKMA designated 12 banks as primary liquidity providers for a new two-year term starting Oct. 27, 2026, when the existing term ends. The banks 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) Limited.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.