HKMA unveils new facility
Source: Xinhua |
June 15, 2012, Friday
|
Print Edition
Print Edition
THE Hong Kong Monetary Authority yesterday unveiled its new facility for providing renminbi liquidity to authorized institutions participating in the renminbi business in Hong Kong.
The HKMA will, on requests from individual participating institutions, provide renminbi-term funds to them against eligible collateral acceptable to the authority from June 15.
It said it will serve to meet occasional short-term liquidity needs.
The HKMA will, on requests from individual participating institutions, provide renminbi-term funds to them against eligible collateral acceptable to the authority from June 15.
It said it will serve to meet occasional short-term liquidity needs.
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