Market Chatter: China Central Bank to More Than Double RMB Facility in Hong Kong

MT Newswires Live

07/07

The People's Bank of China will more than double the RMB Business Facility to 500 billion yuan to allow Hong Kong businesses to access renminbi-denominated loans through the Hong Kong Monetary Authority, Bloomberg reported Tuesday, citing a keynote speech by Governor Pan Gongsheng at the Hong Kong FIC & Bond Connect Summit in the city.

The central bank will also increase the annual quota for the Southbound Bond Connect, the platform for mainland investors to buy offshore bonds through Hong Kong, to 800 billion yuan from 500 billion yuan, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1521","symbol_name":"挪威政府全球養老基金持倉","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2649604210","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649604210","pubTimestamp":1783407346,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Asia Absolute Alpha A Acc SGD","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","IE00B031J352.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) INC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H"},"translate_title":"市场热议：中国央行将在香港的人民币融资增加一倍以上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600036":1.6,"601988":1.62,"BACHY":1.62,"CIHKY":1.6,"03143":0.6,"03968":1.6,"03988":1.62},"content_text":"The People's Bank of China will more than double the RMB Business Facility to 500 billion yuan to allow Hong Kong businesses to access renminbi-denominated loans through the Hong Kong Monetary Authority, Bloomberg reported Tuesday, citing a keynote speech by Governor Pan Gongsheng at the Hong Kong FIC & Bond Connect Summit in the city.The central bank will also increase the annual quota for the Southbound Bond Connect, the platform for mainland investors to buy offshore bonds through Hong Kong, to 800 billion yuan from 500 billion yuan, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}