HKMA announces participating banks for RMB Trade Financing Liquidity Facility

On February 28, 2025, the Hong Kong Monetary Authority (HKMA) announced the participating banks for the RMB Trade Financing Liquidity Facility (RMB TFLF), effective immediately. Of the total facility size of RMB100 billion, RMB50 billion has been allocated to the banks, each receiving a specific quota based on their expected pipelines and existing business scale. Participating banks can now apply for RMB funds to support their corporate customers’ trade financing needs. The HKMA will monitor the facility’s implementation and usage, with plans to allocate additional quotas around mid-year, encouraging banks not participating in Phase 1 to develop their RMB trade finance capabilities for future phases. Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/02/20250228-3/