Pan Gongsheng: Support the Hong Kong Monetary Authority in launching the RMB Trade Finance Liquidity Arrangement
2025-01-13 03:34:32
Pan Gongsheng support Hong Kong HKMA launch RMB trade finance capital flowsdesk3cryptocurrencydesktopCrypto News
On January 13, Pan Gongsheng, Governor of the People's Bank of China, delivered a speech at the opening ceremony of the Asian Financial Forum, expressing his support for the Hong Kong Monetary Authority to launch the RMB trade financing liquidity arrangement. On the basis of the existing RMB liquidity arrangement framework, use swap funds to add RMB trade financing liquidity arrangements for terms of 1 month, 3 months and 6 months, with a total amount of 100 billion yuan, providing a stable and low-cost source of funds for RMB trade financing for commercial banks in Hong Kong. Support the launch of offshore bond repurchase business under Bond Connect, enrich investor liquidity management tools, and enhance the attractiveness of RMB bond assets. Cross-border bond repurchase business will also be launched as an opportunity.
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