HKMA: Designates 12 primary liquidity providers, scale increased to RMB 22 billion

Zhitong Finance APP has learned that on October 23, the Hong Kong Monetary Authority (HKMA) announced the designation of 12 banks as Primary Liquidity Providers for the Hong Kong offshore renminbi market for a term of two years, effective from October 27, 2026, upon the expiry of the current designation period, and increased the total amount of renminbi liquidity that can be provided under the Primary Liquidity Provider arrangement.