Hong Kong & China Central Banks Announce 6 New Financial Cooperation Measures: RMB Bonds Added to List of Eligible Collateral for Hong Kong RMB Liquidity Facility, Opens Repo Market to All Foreign Institutional & Bond Connect Investors, Amendments to Wealth Management Connect Pilot Scheme, New Measures for Mainland China Property Purchase Remittances by Hong Kong & Macao Residences, Cross-Boundary Credit Referencing & Cross-Boundary e-CNY Pilots in Hong Kong
25th January 2024 | Hong Kong
Hong Kong & China central banks, the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC), have announced 6 new financial cooperation measures: 1) RMB bonds added to list of eligible collateral for Hong Kong RMB liquidity facility, 2) Opens Repo market to all foreign institutional & bond connect investors, 3) Amendments to Wealth Management Connect Pilot scheme, 4) New measures for Mainland China property purchase remittances by Hong Kong & Macao residences, 5) Cross-Boundary credit referencing, and 6) Cross-Boundary e-CNY pilots in Hong Kong. Eddie Yue, Chief Executive of the HKMA: “We are pleased to see the announcement of the six measures. They will promote further opening up of the Mainland’s financial market, strengthen Hong Kong’s status as an international financial centre and offshore RMB business hub, and foster closer connections within the GBA. The announcement is the result of the concerted effort of the HKMA, the PBoC and other relevant financial regulatory authorities in the Mainland and Hong Kong. We will continue to work closely with them and the industry to ensure timely and smooth implementation of these measures, and explore further enhancements.” More info below:
“ Hong Kong & China Central Banks Announce 6 New Financial Cooperation Measures: RMB Bonds Added to List of Eligible Collateral for Hong Kong RMB Liquidity Facility, Opens Repo Market to All Foreign Institutional & Bond Connect Investors, Amendments to Wealth Management Connect Pilot Scheme, New Measures for Mainland China Property Purchase Remittances by Hong Kong & Macao Residences, Cross-Boundary Credit Referencing & Cross-Boundary e-CNY Pilots in Hong Kong “
Hong Kong & China Central Banks Announce 6 New Financial Cooperation Measures
24th January 2024 – The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announce today (24 January) six policy measures to deepen the financial cooperation between Hong Kong and the Mainland, including:
- Expanding the list of eligible collateral for the HKMA’s RMB Liquidity Facility to include RMB bonds issued onshore by the Ministry of Finance of the People’s Republic of China and the policy banks of the People’s Republic of China;
- Further opening up the onshore repurchase agreement (repo) market to all foreign institutional investors (including Bond Connect investors) that already have access to the China Interbank Bond Market;
- Releasing the amendments to the Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA);
- Implementing facilitative measures on the remittances for property purchase by Hong Kong and Macao residents in the Mainland cities in the GBA;
- Promoting the collaboration on cross-boundary credit referencing to facilitate corporates’ cross-boundary financing activities;
- Expanding the cross-boundary e-CNY pilots in Hong Kong
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit