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HKMA Designates 12 Primary RMB Liquidity Providers, Repo Facility Quota Raised to RMB22 billion
2026-10-23 16:12:01 The Hong Kong Monetary Authority (HKMA) announced the designation of 12 banks as Primary Liquidity Providers for Hong Kong's offshore RMB market for a two-year term, effective from Oct 27, 2026 upon expiry of the current designation period. The total size of the RMB repo arrangement for Primary Liquidity Providers will be increased from RMB20 billion to RMB22 billion. The 12 Primary Liquidity Providers are Agricultural Bank of China, BOC Hong Kong, Bank of Communications, BNP Paribas, CITIC Bank International, CCB (Asia), Citi, Deutsche Bank, Hang Seng Bank, HSBC, ICBC (Asia) and Standard Chartered Hong Kong. The selection of Primary Liquidity Providers is based on multiple criteria, including their capability to provide offshore RMB funding and conduct offshore RMB market-making activities, as well as their commitment to leveraging Hong Kong as a global offshore RMB business hub. The HKMA said it will review the operation of the scheme and the performance of the Primary Liquidity Providers from time to time, and consider whether optimization is needed, including adjustments to the number of Primary Liquidity Providers and the size of the repo arrangement. (ha/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |