Hong Kong Increases Yuan Liquidity Facility by 150% to 73.6 Billion Dollars

The Hong Kong Monetary Authority (HKMA) is taking a major step to meet the increasing demand for the use of yuan in international markets.

In this context, the quota for the RMB (Renminbi) Liquidity Facility provided to banks is being significantly expanded. With the new regulation effective from Friday, the current quota will be increased by 1.5…