Regulatory Alerts2012-06-14
Added · Updated
Renminbi (RMB) Liquidity Facility
The Hong Kong Monetary Authority issued a directive establishing a one-week RMB liquidity facility to support offshore RMB business in Hong Kong. Participating Authorized Institutions may borrow RMB funds against eligible collateral, such as Exchange Fund Bills and HKSAR Government bonds, to address short-term liquidity tightness. The facility utilizes a currency swap arrangement with the People’s Bank of China and is designed to reinforce Hong Kong’s role as a global offshore RMB hub while allowing for rollover of borrowings.
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