HKMA Designates 12 Primary Liquidity Providers
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On 23 October 2026, the Hong Kong Monetary Authority announced the designation of 12 banks as primary liquidity providers for Hong Kong's offshore renminbi market for a two-year term, effective from 27 October 2026. The same arrangement was also announced in a press release by the Government Information Services that day. The Hong Kong Monetary Authority said that from the effective date of designation, the total amount of the renminbi repurchase agreement facility for primary liquidity providers will increase from RMB20 billion to RMB22 billion. The Hong Kong Monetary Authority said the expanded arrangement will enhance support for offshore renminbi liquidity and help consolidate and enhance Hong Kong's position as a hub for offshore renminbi business. The current progress is the announcement of the designated list and the increase in the total amount of the repurchase arrangement; the arrangement is still pending effect on 27 October.
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- 政府新聞處·新聞公報HKMA Designates 12 Primary Liquidity Providers and Raises Total RMB Repo Arrangement to $22 Billion
The Hong Kong Monetary Authority announced the designation of 12 banks as primary liquidity providers for Hong Kong's offshore renminbi market for a two-year term, effective from 27 October 2026. From the effective date of designation, the total renminbi repo agreement arrangement for primary liquidity providers will increase from RMB20 billion to RMB22 billion. The HKMA said the expanded arrangement will enhance support for offshore renminbi liquidity and help consolidate and enhance Hong Kong's position as an offshore renminbi business hub.
- 金管局·新聞稿HKMA Designates 12 Primary Liquidity Providers and Raises Total RMB Repo Amount to $22 Billion
The HKMA announced the designation of 12 banks as primary liquidity providers for Hong Kong's offshore renminbi market for a two-year term, effective from 27 October 2026. Following the effective date of the designation, the total amount of the renminbi repo agreement arrangements for primary liquidity providers will increase from RMB20 billion to RMB22 billion. The HKMA said the expanded arrangement will enhance support for offshore renminbi liquidity and help consolidate and enhance Hong Kong's position as an offshore renminbi business hub.
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