RMB Business Facility
Coverage of RMB Business Facility in the Nexus archive.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota, enhancing the use of the Chinese currency in global business. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at the Shanghai three-month interbank offered rate.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota to enhance global yuan usage. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at lower Shanghai interbank rates.
- Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand
Hong Kong will expand its yuan facilities for banks by 150% to US$73.6 billion starting this Friday. The city will also introduce a new electronic fixed income and currency trading system to promote yuan trading, as announced by local market regulators.
- Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand
Hong Kong is expanding its yuan facilities by 150% to US$73.6 billion to meet international demand, effective this Friday. The city is also introducing a new electronic fixed income and currency trading system to promote yuan trading, as announced by local market regulators.