Regulatory Alerts2022-07-22
Added · Updated
Enhancement of the Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority (HKMA) is enhancing its RMB Liquidity Facility effective 27 July 2022 by doubling the intraday and overnight funding limits to RMB20 billion each. The regulator has extended overnight repo operating hours to align with the RMB RTGS system close and lowered the applicable interest rate to the average of the three most recent TMA overnight CNH HIBOR fixings plus 25 basis points. These changes allow Authorized Institutions to access greater liquidity through automated CMU processing while benefiting from reduced borrowing costs.
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monetary
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