Yu Weiwen: The Hong Kong Monetary Authority will soon further expand the offshore renminbi repurchase business.

date
08/07/2025
According to the Securities Times app, Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), stated at the Bond Connect anniversary forum that the HKMA will soon further expand offshore Renminbi repurchase operations to support re-pledging and cross-currency repos. Its subsidiary, CMU OmniClear, will also improve operational arrangements accordingly, with the relevant measures to be implemented by the end of August.