HKMA launches RMB cross-border repo

Jun 20, 2012

Through a partnership with JP Morgan and Euroclear, the HK central bank is to offer collateralised cross-border lending on RMB.

To kick-start the cross-border renminbi and Hong Kong dollar repurchase market, HKMA has partnered with JP Morgan and Euroclear to launch a collateral management service allowing offshore financial institutions to borrow these currencies against securities.

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