BOC launches RMB repo facilities
22 February 2011 Hong Kong
Image: Shutterstock
Bank of China (Hong Kong) has launched securities sale and repurchase facilities through the Central Moneymarkets Unit to facilitate intraday liquidity management of Participating Banks in the RMB Clearing System (RTGS).
BOCHK believes that the introduction of RMB Repo Facilities will enhance the liquidity of Hong Kong's RMB market, facilitate prompt and efficient RMB settlements, enable the launch of new RMB products and services in the future, and pave ways for the long-term development of the RMB business in Hong Kong.


BOCHK was appointed as the Clearing Bank of RMB banking business in Hong Kong by the PBoC on 24 December, 2003. In line with the steady expansion and development of RMB service, the operation has been running smoothly, providing comprehensive and efficient clearing services for all the PBs.
As a listed commercial bank with solid foundation and strong franchise, BOCHK enjoys various distinctive edges, including proven track record of RMB business and foreign currency notes delivery across the border for years.
It has solid experience in handling the clearing business between Hong Kong and the Mainland of China, with an efficient cross-border clearing system and strong contingency backup capabilities. What is more, it has extensive connection in the Mainland and the largest branch network in Hong Kong, as well as sound knowledge in the financial policies and regulations of both markets.
BOCHK believes that the introduction of RMB Repo Facilities will enhance the liquidity of Hong Kong's RMB market, facilitate prompt and efficient RMB settlements, enable the launch of new RMB products and services in the future, and pave ways for the long-term development of the RMB business in Hong Kong.


BOCHK was appointed as the Clearing Bank of RMB banking business in Hong Kong by the PBoC on 24 December, 2003. In line with the steady expansion and development of RMB service, the operation has been running smoothly, providing comprehensive and efficient clearing services for all the PBs.
As a listed commercial bank with solid foundation and strong franchise, BOCHK enjoys various distinctive edges, including proven track record of RMB business and foreign currency notes delivery across the border for years.
It has solid experience in handling the clearing business between Hong Kong and the Mainland of China, with an efficient cross-border clearing system and strong contingency backup capabilities. What is more, it has extensive connection in the Mainland and the largest branch network in Hong Kong, as well as sound knowledge in the financial policies and regulations of both markets.
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