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Hong Kong Monetary Authority: Optimization arrangements for offshore RMB bond repurchase business officially launched

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2025-08-25 11:14:18
According to the Hong Kong Monetary Authority, the optimization of the offshore RMB bond repurchase business was officially launched today. The HKMA announced the optimization of the offshore RMB bond repurchase business in July 2025 to support the reuse of collateralized bonds and foreign currency settlement. The market responded positively to the optimization measures. The first trading day was orderly, with more than 60 transactions from at least 25 Financial Institution Groups involving more than RMB 3 billion equivalent. Settlement currencies include RMB, HKD, USD and EUR. The HKMA will continue to promote the offshore RMB repurchase business with relevant mainland authorities and the industry, and create more policy space to create a favorable market environment to support the development of the offshore RMB market in Hong Kong.
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