HKMA reveals that the banks participating in the RMB Trade Financing Liquidity Facility
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Hong Kong Monetary Authority (HKMA) has announced that banks participating in the first phase of its ease of liquidity of financing from the RMB, allocating 50 billion RMB to these institutions.
Hong Kong Monetary Authority (HKMA) has revealed the list of banks participating in the initial phase of the Liquidity Installation of Trade Funding RMB (RMB TFLF), from February 28, 2025. This announcement marks an important step in facilitating commercial financing of business customers within the region.
TFLF RMB details
The installation, with a total size of 100 billion RMB, allocated 50 billion RMB with participating banks. Each bank has received a specific quota based on expected pipelines and the existing magnitude of their relevant commercial activities. These banks are now eligible for requesting HKMA RMB funds within the framework of the RMB TFLF, a contingent by providing RMB commercial financing to business customers in their assigned quotas.
Future surveillance and phases
The HKMA is committed to closely monitoring the implementation of the RMB TFLF. This includes examining the operation of the installation, commercial financing activities of the RMB of banks and the overall needs for market development. Depending on the performance and demand for the installation market, the HKMA plans to carry out the next quota allocation phase by mid-201. Banks that are not part of the initial phase are encouraged to develop their RMBE commercial financing capacities to qualify for subsequent phases.
Encourage market development
The HKMA initiative is part of its broader strategy to improve the role of Hong Kong as a leading international financial center, in particular in the commercial financing of the RMB. The installation aims to provide support for liquidity to banks, thus promoting the use of RMB in the financing of trade and the strengthening of the region’s financial ecosystem.
The terms and operational details of the RMB TFLF are in the civil servant Circular HKMA.
Hong Kong Monetary Authority (HKMA) has announced that banks participating in the first phase of its ease of liquidity of financing from the RMB, allocating 50 billion RMB to these institutions.
Hong Kong Monetary Authority (HKMA) has revealed the list of banks participating in the initial phase of the Liquidity Installation of Trade Funding RMB (RMB TFLF), from February 28, 2025. This announcement marks an important step in facilitating commercial financing of business customers within the region.
TFLF RMB details
The installation, with a total size of 100 billion RMB, allocated 50 billion RMB with participating banks. Each bank has received a specific quota based on expected pipelines and the existing magnitude of their relevant commercial activities. These banks are now eligible for requesting HKMA RMB funds within the framework of the RMB TFLF, a contingent by providing RMB commercial financing to business customers in their assigned quotas.
Future surveillance and phases
The HKMA is committed to closely monitoring the implementation of the RMB TFLF. This includes examining the operation of the installation, commercial financing activities of the RMB of banks and the overall needs for market development. Depending on the performance and demand for the installation market, the HKMA plans to carry out the next quota allocation phase by mid-201. Banks that are not part of the initial phase are encouraged to develop their RMBE commercial financing capacities to qualify for subsequent phases.
Encourage market development
The HKMA initiative is part of its broader strategy to improve the role of Hong Kong as a leading international financial center, in particular in the commercial financing of the RMB. The installation aims to provide support for liquidity to banks, thus promoting the use of RMB in the financing of trade and the strengthening of the region’s financial ecosystem.
The terms and operational details of the RMB TFLF are in the civil servant Circular HKMA.
Hong Kong Monetary Authority (HKMA) has announced that banks participating in the first phase of its ease of liquidity of financing from the RMB, allocating 50 billion RMB to these institutions.
Hong Kong Monetary Authority (HKMA) has revealed the list of banks participating in the initial phase of the Liquidity Installation of Trade Funding RMB (RMB TFLF), from February 28, 2025. This announcement marks an important step in facilitating commercial financing of business customers within the region.
TFLF RMB details
The installation, with a total size of 100 billion RMB, allocated 50 billion RMB with participating banks. Each bank has received a specific quota based on expected pipelines and the existing magnitude of their relevant commercial activities. These banks are now eligible for requesting HKMA RMB funds within the framework of the RMB TFLF, a contingent by providing RMB commercial financing to business customers in their assigned quotas.
Future surveillance and phases
The HKMA is committed to closely monitoring the implementation of the RMB TFLF. This includes examining the operation of the installation, commercial financing activities of the RMB of banks and the overall needs for market development. Depending on the performance and demand for the installation market, the HKMA plans to carry out the next quota allocation phase by mid-201. Banks that are not part of the initial phase are encouraged to develop their RMBE commercial financing capacities to qualify for subsequent phases.
Encourage market development
The HKMA initiative is part of its broader strategy to improve the role of Hong Kong as a leading international financial center, in particular in the commercial financing of the RMB. The installation aims to provide support for liquidity to banks, thus promoting the use of RMB in the financing of trade and the strengthening of the region’s financial ecosystem.
The terms and operational details of the RMB TFLF are in the civil servant Circular HKMA.
Image source: Shutterstock
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