Yu Weiweng: Starting from October 9th, the Hong Kong Monetary Authority will implement RMB business fund arrangements in three phases.

According to the latest news from the Wise Finance and Economics App, on September 26th, Chief Executive of the Hong Kong Monetary Authority Eddie Yue announced in a blog post that starting from October 9th this year, the HKMA will introduce RMB business fund arrangements to replace the existing RMB trade financing circulation fund arrangements. The HKMA will also implement various optimization measures and expand the eligible uses of funds. This arrangement will be implemented in three phases, and we have issued a notice to banks today.