PBoC and HKMA strengthen financial ties
Hong Kong to accept onshore bonds as collateral for RMB funds, as PBoC looks to open up repo market
The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) on January 24 announced new measures to strengthen financial links between the mainland and the self-administered territory.
Hong Kong’s de facto central bank said that from February 24 it would, for the first time, accept some onshore bonds as collateral under its renminbi liquidity facility.
Around 50 institutions will be eligible to pledge renminbi-denominated onshore bonds issued by China’s finance ministry and
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