Regulatory Alerts2024-01-24
Added · Updated
Expansion of Eligible Collateral for the Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority (HKMA) announced that effective 26 February 2024, it will expand the eligible collateral for its RMB Liquidity Facility to include onshore RMB-denominated debt securities issued by China's Ministry of Finance and policy banks. This regulatory update modifies the terms and conditions for overnight, one-day, one-week, and intraday repo transactions available to Authorized Institutions participating in RMB business. The revised framework maintains existing haircut and interest rate structures while broadening the range of acceptable sovereign and policy bank securities to enhance liquidity management options.
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