The Hong Kong Monetary Authority will include government bonds and government financial bonds in the list of qualified collateral for the Renminbi starting today.

19:56 26/02/2024

On February 26th, the Hong Kong Monetary Authority announced that it will include Chinese government bonds and policy financial bonds issued in mainland China in the list of eligible collateral for RMB liquidity arrangements.

On February 26, the Hong Kong Monetary Authority announced that Chinese government bonds and policy financial bonds issued in mainland China will be added to the list of eligible collateral for the Renminbi liquidity arrangement. Banks have already started using these newly eligible collateral (including bonds held through the Northbound Bond Connect) to obtain Renminbi liquidity, and the transactions have been completed smoothly, with the liquidity arrangement operating as usual. The Hong Kong Monetary Authority noted that expanding the list of eligible collateral will help promote the opening of the financial markets in mainland China, as well as strengthen and enhance Hong Kong's status as an international financial center and a hub for offshore Renminbi business. The Hong Kong Monetary Authority will continue to monitor the use and operation of the liquidity arrangement.

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The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.