Regulatory Alerts2014-11-03
Added · Updated
Introduction of Intraday Repo under the Renminbi Liquidity Facility
The Hong Kong Monetary Authority (HKMA) will provide up to RMB10 billion in intraday renminbi liquidity to authorized institutions via a new repo facility effective 10 November 2014. This measure aims to assist participating banks in managing daily liquidity and promoting efficient payment flows, particularly in preparation for the Shanghai-Hong Kong Stock Connect. The facility expands eligible collateral to include RMB bonds issued by Chinese policy banks and charges fees based on actual usage time against the prevailing overnight interest rate.
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