Cross-border bond repurchase transactions officially launched, Yu Weiwen: Support to improve the liquidity of the offshore RMB market in Hong Kong.

According to the Securities Times APP, on September 26, the cross-border bond repurchase business jointly promoted by the Hong Kong Monetary Authority, the People's Bank of China, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange was officially launched. The relevant financial supervision departments in mainland China jointly issued the "Notice on Further Supporting Overseas Institutional Investors to Carry out Bond Repurchase Business in the Chinese Bond Market", supporting all overseas institutions that have entered the onshore bond market to participate in onshore bond repurchase business, obtain renminbi liquidity from the onshore market, and transfer funds abroad for use.