Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»HKMA and PBoC unveil new measures to strengthen financial ties with mainland China
ADOPTION NEWS

HKMA and PBoC unveil new measures to strengthen financial ties with mainland China

By Crypto FlexsJanuary 19, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
HKMA and PBoC unveil new measures to strengthen financial ties with mainland China
Share
Facebook Twitter LinkedIn Pinterest Email

Caroline Bishop
January 14, 2025 05:11

The Hong Kong Monetary Authority and the People’s Bank of China have announced new plans to deepen financial cooperation and solidify Hong Kong’s role as a global offshore RMB hub.





The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) have announced a series of strategic measures to strengthen financial links between Hong Kong and mainland China. According to the Hong Kong Monetary Authority, the plan is designed to strengthen Hong Kong’s position as a leading offshore yuan (RMB) business hub.

Yuan Trade Finance Liquidity Facility

The HKMA will launch a RMB trade finance liquidity facility designed to provide Hong Kong banks with a stable and cost-effective source of RMB funds. The facility, valued at RMB100 billion, will provide one-, three- and six-month RMB funding at an interest rate equal to the domestic interest rate plus a spread. The goal of the plan is to strengthen the liquidity of Hong Kong’s offshore RMB market and support the growing demand for RMB trade finance.

Bond Connect improvements

Building on the successful operation of Southbound Bond Connect, the HKMA and PBoC are implementing improvements such as extending settlement times through Central Depository (CSD) linkage and supporting multi-currency bond settlement. These measures are expected to expand investment channels for mainland investors and improve the efficiency of trading and settlement.

Offshore Yuan repurchase agreement

HKMA is also developing an offshore RMB repo market using Northbound Bond Connect bonds as collateral. These developments are part of broader efforts to establish a market-based mechanism for managing offshore RMB liquidity and strengthen Hong Kong’s competitiveness as a RMB business hub.

cross border payment system

In a move to facilitate cross-border payments, the HKMA and PBoC are working to link the mainland’s internet banking payment system with Hong Kong’s Faster Payment System. This integration aims to promote economic cooperation and exchange by enabling real-time small remittances between residents of the two regions.

Greater Bay Area Financial Promotion

The HKMA expressed support for the PBoC’s plan to include more participating banks providing account opening services for Hong Kong residents in the Greater Bay Area. These efforts are expected to improve the quality and convenience of payment services for Hong Kong residents living in mainland China.

These measures reflect the continued commitment of both regional financial authorities to promote closer financial integration and strengthen Hong Kong’s global position as a pivotal RMB hub.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Ethereum-Based Meme Project Pepeto ($PEPETO) Surges Past $6.5M In Presale

August 29, 2025

Use Australia’s Top Cloud Mining Tools To Become A Millionaire!

August 29, 2025

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025
Most Popular

Michael Saylor Sells $216 Million Worth of MicroStrategy (MSTR) Stock Options, Plans to Buy More Bitcoin

January 3, 2024

When did Ethereum staking start? Learn more about Ethereum 2.0 and staking with StakingBonus

August 1, 2024

Solana exceeds the price after Paypal and Venmo support for SOL and ChainLink (link).

April 6, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.