Regulatory Alerts2021-09-27
Added · Updated
Expansion of Eligible Collateral for the Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority (HKMA) announced that with effect from 27 September 2021, the list of eligible collateral for the RMB Liquidity Facility is expanded to include offshore RMB, USD, and Euro denominated debt securities issued by Local People's Governments in the PRC. This regulatory update modifies the accepted collateral framework to enhance liquidity management options for authorized institutions. The revised terms and conditions governing this facility are detailed in the accompanying annex to the circular.
27 September 2021 The Chief Executive All Authorized Institutions Dear Sir/Madam, Expansion of Eligible Collateral for the Renminbi (RMB) Liquidity Facility The Hong Kong Monetary Authority (HKMA) announced that with effect from today the list of eligible collateral for the RMB Liquidity Facility will also include the RMB, USD and Euro denominated debt securities issued in offshore markets by the Local People's Governments at various levels of the People’s Republic of China. The revised terms and conditions for the RMB Liquidity Facility are set out in the Annex. Should you have any questions on the above, please contact the HKMA at 2878 8104. Yours faithfully, Clara Chan Executive Director (Monetary Management) Encl.
More like this from HKMA
HKMA published 11 documents in the last 30 days. We email you each new one the day it's published.