HKMA Expands Offshore Renminbi Liquidity Support
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On October 23, 2026, the Hong Kong Monetary Authority announced that it would designate 12 banks as primary liquidity providers for Hong Kong’s offshore renminbi market for a two-year term, effective October 27, 2026. With the new designations taking effect, the total amount of renminbi repo financing dedicated to the PLP Scheme will increase from RMB 20 billion to RMB 22 billion. The HKMA said the move is intended to strengthen liquidity support for the offshore renminbi market.
AI-written from reports · updated 2 hours ago
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- HKMA — Press releases (English)SelectedHKMA appoints 12 offshore RMB primary liquidity providers and increases repo facility to RMB22 billion
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.
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