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HKMA designates 12 banks as offshore RMB PLPs, increasing liquidity support to RMB 22 billion.
The Hong Kong Monetary Authority (HKMA) announced the appointment of 12 banks as Primary Liquidity Providers (PLPs) for the offshore Renminbi (CNH) market, with a two-year term effective from October 27, 2026. This scheme increases the total RMB repo financing from RMB 20 billion to RMB 22 billion, aiming to enhance liquidity in the offshore RMB market and reinforce Hong Kong's position as a hub for offshore RMB business.
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