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Home»ADOPTION NEWS»HKMA
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HKMA

By Crypto FlexsFebruary 28, 20252 Mins Read
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HKMA
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Darius Baruar
February 27, 2025 23:07

HKMA (Hong Kong Monetary Authority) announced that the bank, which participated in the first stage of the RMB trade finance liquidity facility, allocated RMB5 billion to the institution.





HKMA (Hong Kong Monetary Authority) has released a list of banks participating in the early stages of RMB Trade Financial Liquidation (RMB TFLF) from February 28, 2025.

Details of RMB TFLF

A total of 100 million rupees have allocated RMB5 billion to participating banks. Each bank has been assigned certain quotas according to the expected pipeline and related business activities of the existing scale. These banks can now apply for HKMA’s RMB funds according to the RMB TFLF, and will run when providing RMB trade financing to corporate customers within the assigned equivalent.

Monitoring and future steps

HKMA tried to closely monitor the implementation of RMB TFLF. This includes the operation of facility operations, banks’ RMB trade finance activities and overall market development demands. According to the performance and market demand of the facility, HKMA plans to proceed with the next step of the equivalent allocation by mid -2012. Banks, not part of the initial stage, are recommended to develop RMB trade finance functions to qualify for subsequent steps.

Encourage market development

HKMA’s initiative is especially part of a wide range of strategies to improve Hong Kong’s role as an international financial center in RMB trade finance. This facility aims to provide liquidity support to banks to encourage the use of RMB in trade financing and strengthen the financial ecosystem of this area.

The terms and operating details of the RMB TFLF can be found in the official HKMA prototype.

Image Source: Shutter Stock


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