HKMA Expands RMB Business Facility with Increased Quota and New Participants

Peter Zhang
Dec 29, 2025 04:35

The Hong Kong Monetary Authority (HKMA) expands its RMB Business Facility, increasing the quota to RMB100 billion and adding 40 participating banks in Phase 2.

The Hong Kong Monetary Authority (HKMA) has announced a significant expansion in its Renminbi (RMB) Business Facility, as reported on December 29, 2025. The total quota allocated for participating banks has been increased to RMB100 billion, doubling from the previous RMB50 billion, and the list of participating banks has expanded to 40 institutions.

Expansion Details

Commencing from December 1, 2025, Phase 2 of the RMB Business Facility allows participating banks to apply for RMB funds within their assigned quotas. This initiative aims to bolster RMB financing for local and overseas corporates, thereby supporting the real economy. The HKMA’s move is part of a broader strategy to enhance Hong Kong’s role in channeling offshore RMB funds into the global market.

Criteria for Quota Allocation

The allocation of quotas to each of the 40 banks is determined by several factors, including the existing scale of relevant business, the expected pipeline, and the geographical reach of their overseas intragroup banking entities. These criteria are intended to maximize each bank’s potential in contributing to Hong Kong’s offshore RMB business growth. The facility usage of the 24 banks that participated in the previous RMB Trade Financing Liquidity Facility and Phase 1 of the RBF was also considered in the allocation process.

Industry and Regulatory Support

The banking industry has responded positively to the broadening of eligible RMB financing activities, which now include capital expenditure and working capital term loans. Mr. Eddie Yue, Chief Executive of the HKMA, emphasized the organization’s commitment to monitoring the RBF’s progress and potentially adding more banks based on facility usage and market demand. This initiative aims to further promote the use of RMB in the real economy and foster the growth of offshore RMB business in Hong Kong.

For further details on the terms and operation of the RMB Business Facility, please visit the Hong Kong Monetary Authority.

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