Yu Weiwen: An interest rate contract with LPR as a reference will be launched within a few months
2025-07-08 04:18:09
On July 8, Yu Weiwen, chief executive of the Hong Kong Monetary Authority, said at the "Bond Connect" annual forum that contracts with the loan market quoted rate (LPR) as the reference rate will be launched in the next few months. Yu Weiwen pointed out that the Hong Kong Monetary Authority will soon further expand the offshore RMB repurchase business to support re-pledge and cross-currency repurchase. Its clearing and settlement (CMUOmniClear) will also improve its operating arrangements accordingly. It is expected that relevant measures will be implemented by the end of August.
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