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HKMA Designates 11 Banks as Primary Liquidity Providers for CNH Mkt, Expanding Total Size to RMB20B
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The Hong Kong Monetary Authority (HKMA) announced the designation of 11 banks as Primary Liquidity Providers (PLPs) for CNH market in Hong Kong for a 2-year term, with effect from 27 October 2024 following the expiry of the current term, and an increase in the total amount of RMB liquidity available in the PLP Scheme from RMB18 billion to RMB20 billion. The 11 PLPs include ABC, BOC HONG KONG (02388.HK), Bank of Communications, BNP Paribas, China CITIC Bank International, China Construction Bank Asia, Citibank, HANG SENG BANK (00011.HK), HSBC, ICBC Asia and Standard Chartered Hong Kong. AAStocks Financial News |
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