HKMA Designates 12 Offshore RMB Primary Liquidity Providers and Expands the Scheme
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On October 23, 2026, the Hong Kong Monetary Authority (HKMA) designated 12 banks as Primary Liquidity Providers (PLPs) for Hong Kong's offshore RMB market. The two-year term will take effect on October 27, 2026, coinciding with the expiration of the current term. Following this designation, the total RMB repurchase quota for all PLPs will be increased from RMB 20 billion to RMB 22 billion. The HKMA stated that the expansion of the scheme will strengthen liquidity support for the offshore RMB market and consolidate Hong Kong's position as an offshore RMB business hub.
AI-generated from reports · 2 days agoUpdated
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- Hong Kong Monetary Authority: Press ReleasesHKMA designates twelve banks as primary liquidity providers in the offshore RMB market and expands the related program
The Hong Kong Monetary Authority (HKMA) has designated twelve banks as primary liquidity providers in Hong Kong's offshore RMB market for a two-year term, effective October 27, 2026. Following this designation, the RMB repo quota for all primary liquidity providers will be increased from RMB 20 billion to RMB 22 billion. The expansion of this program will strengthen liquidity support for the offshore RMB market and reinforce Hong Kong's position as an offshore RMB business hub.
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