HKMA — Press releases (English)·· 14 hours agoSelectedAI score65
HKMA appoints 12 offshore RMB primary liquidity providers and increases repo facility to RMB22 billion
HKMA designates Primary Liquidity Providers and expands Scheme
AI brief
AI-assisted source summary · not independently verified. Content standards
HKMA has appointed 12 banks as primary liquidity providers in Hong Kong’s offshore RMB market for a two-year term, effective October 27, 2026. Following the appointments, the total RMB repo financing under the PLP Scheme will increase from RMB20 billion to RMB22 billion to strengthen liquidity support for the offshore RMB market.
Why it matters
The updated PLP list comes with an expansion of the RMB repo facility dedicated to the relevant banks, showing how HKMA supports the offshore RMB market through designated liquidity providers and funding arrangements.
Source:HKMA — Press releases (English) · hkma.gov.hk