PBoC and HKMA strengthen financial ties

Hong Kong

The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) on January 24 announced new measures to strengthen financial links between the mainland and the self-administered territory. 

Hong Kong’s de facto central bank said that from February 24 it would, for the first time, accept some onshore bonds as collateral under its renminbi liquidity facility.

Around 50 institutions will be eligible to pledge renminbi-denominated onshore bonds issued by China’s finance ministry and

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