Hong Kong Fully Allocates $14 Billion Under Offshore Yuan Funding Facility
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Hong Kong has fully allocated the 100 billion yuan ($14 billion) quota under its yuan funding scheme, as authorities move to deepen offshore yuan liquidity and support corporate financing.
The Renminbi Business Facility has expanded participation from 24 lenders to 40, the Hong Kong Monetary Authority (HKMA) announced Monday. It has also broadened how the funds can be used, it said.
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- Hong Kong fully allocated its 100 billion yuan ($14 billion) Renminbi Business Facility quota to deepen offshore yuan liquidity.
- Participation expanded from 24 to 40 lenders, with the use of funds broadened to include capital expenditure and working capital loans.
- The facility, launched in October, will roll out in three phases and involve banks from Southeast Asia, Europe, and the Middle East.
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What Happened When
- February 2025：
- The RMB Trade Financing Liquidity Facility was introduced.
- October 2025：
- The Renminbi Business Facility was launched, replacing the RMB Trade Financing Liquidity Facility.
- December 1, 2025：
- The second phase of the Renminbi Business Facility began, expanding its scope to include specific yuan-denominated capital expenditure and working capital loans.
- December 29, 2025：
- The HKMA announced full allocation of the 100 billion yuan quota under the yuan funding scheme and expansion of participant banks from 24 to 40.
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