Hong Kong

Is RMB liquidity tightness a good thing?

Stock markets weaken after PBOC insists there is ample cash in the banking system.

It had a record numer of attendees.

Result shows the renminbi’s rising importance in international trade.

Find out what the 'virtual global longbox' does.

RMB assets to rise to 32% of their portfolios.

Hang Seng and HSBC will benefit the most.

London’s market share surpassed Singapore’s.

Cash flow forecasting is the primary challenge.

Given that RMB is fungible offshore, the emergence of new offshore centres simply expands the existing regime instead of creating competing systems. As such, we do not expect the recent development to have much impact on Hong Kong; especially when the market is already relatively mature after eight years of development. Being an important entrepot of the mainland, Hong Kong is currently handling more than 80% of all RMB payments and receiving over 50% of all letters of credit sent by banks in China (Chart 1).

It's structured using the new 3-month CNH HIBOR Fixing.

Transaction will be effective in early July.

There are now 47 countries worldwide.

Expects to have an office in the next few months.

Targets are Chinese companies planning overseas ventures in Europe.

It’s one of Hong Kong’s largest deals since late 2012.