HKMA to double renminbi funding quota
Measure comes as Hong Kong announces collaboration with mainland over city’s gold trading system
Hong Kong will double the size of its short-term renminbi funding facility, the territory’s de facto central bank said today (January 26). The city also announced a co-operation agreement with the Shanghai Gold Exchange to develop Hong Kong’s market for the precious metal.
The agreements form part of an ongoing push among the Hong Kong and mainland Chinese authorities to deepen financial co-operation.
Speaking at a forum in Hong Kong today, People’s Bank of China deputy governor Zou Lan said the
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