PANews reported on October 17th that according to the Financial Times, the head of the Macro Prudential Management Bureau of the People's Bank of China stated that the central bank will continue to improve various policies and tools to support RMB financing, better leverage the role of the inter-central bank currency swap mechanism in supporting the cross-border use of the RMB, improve the management of cross-border interbank RMB financing, and encourage and support more qualified foreign institutions to issue Panda bonds in China. The central bank will also improve cross-border RMB liquidity supply arrangements, optimize the layout of clearing banks, and continuously strengthen policy support for clearing banks' liquidity and other aspects. The central bank will support various domestic and foreign institutions in issuing and trading RMB assets overseas, regularize the issuance of central bank bills, and enrich liquidity management and risk management tools. The central bank will also consolidate and enhance Hong Kong's status as an international financial center and offshore RMB business hub.PANews reported on October 17th that according to the Financial Times, the head of the Macro Prudential Management Bureau of the People's Bank of China stated that the central bank will continue to improve various policies and tools to support RMB financing, better leverage the role of the inter-central bank currency swap mechanism in supporting the cross-border use of the RMB, improve the management of cross-border interbank RMB financing, and encourage and support more qualified foreign institutions to issue Panda bonds in China. The central bank will also improve cross-border RMB liquidity supply arrangements, optimize the layout of clearing banks, and continuously strengthen policy support for clearing banks' liquidity and other aspects. The central bank will support various domestic and foreign institutions in issuing and trading RMB assets overseas, regularize the issuance of central bank bills, and enrich liquidity management and risk management tools. The central bank will also consolidate and enhance Hong Kong's status as an international financial center and offshore RMB business hub.
Central Bank: Deepen the RMB's financing function and support the development of the offshore RMB market
PANews reported on October 17th that according to the Financial Times, the head of the Macro Prudential Management Bureau of the People's Bank of China stated that the central bank will continue to improve various policies and tools to support RMB financing, better leverage the role of the inter-central bank currency swap mechanism in supporting the cross-border use of the RMB, improve the management of cross-border interbank RMB financing, and encourage and support more qualified foreign institutions to issue Panda bonds in China. The central bank will also improve cross-border RMB liquidity supply arrangements, optimize the layout of clearing banks, and continuously strengthen policy support for clearing banks' liquidity and other aspects. The central bank will support various domestic and foreign institutions in issuing and trading RMB assets overseas, regularize the issuance of central bank bills, and enrich liquidity management and risk management tools. The central bank will also consolidate and enhance Hong Kong's status as an international financial center and offshore RMB business hub.
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