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BOC HONG KONG: RMB Business Facility Doubled, Benefiting More 'Going Global' Firms
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With strong support from the People's Bank of China (PBOC), the Hong Kong Monetary Authority (HKMA) doubled the RMB Business Facility to RMB200 billion, Wang Huabin, Deputy Chief Executive of BOC HONG KONG (02388.HK), said. Meanwhile, the PBOC also announced that newly designated Hong Kong RMB clearing banks may obtain RMB liquidity of varying tenors from domestic market through multiple ways, including issuing interbank deposit and account financing. BOC HONG KONG warmly welcomes both measures. The doubling of the RMB Business Facility will further encourage the cross-border usage of RMB, benefiting more 'going global' enterprises, expanding and strengthening their business scale, and better supporting and serving the development of the real economy, Wang added. AASTOCKS Financial News Website: www.aastocks.com |
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