Official launch of enhancement arrangements for offshore RMB bond repurchase business
The following is issued on behalf of the Hong Kong Monetary Authority:
The enhancement arrangements for offshore RMB bond repurchase (repo) business was officially launched today (August 25).
In July 2025, the Hong Kong Monetary Authority (HKMA) announced enhancements to the offshore RMB repo business to support rehypothecation of bond collaterals (Note) and cross-currency repo (please refer to the HKMA press release). The enhancements have been well received by the market. The trading has been running orderly on the first trading day today. At least 25 financial institutions, including all the market makers, banks, securities firms, asset management companies and hedge funds, conducted more than 60 transactions amounting to an equivalent of overRMB3 billion in different settlement currencies including RMB, HKD, USD and EUR.
The HKMA will continue working with Mainland authorities and the industry to promote offshore RMB repo business, and create more policy headroom and an enabling environment for the development of Hong Kong's offshore RMB market.
Note: Bond collaterals can be re-used during the repo period in four specific use cases: (1) for re-use in offshore repo transactions; (2) as collateral for the HKMA's RMB Liquidity Facility; (3) as margin collateral at OTC Clearing Hong Kong Limited (OTCC); and (4) for cash bond trading through Northbound Bond Connect.
Source: AI-found images
Scam alert related to banks
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on theHKMA website.
Bank |
Type of scam |
The Bank of East Asia, Limited |
Fraudulent websites, internet banking login screens and phishing email |
Shanghai Commercial Bank Limited |
Fraudulent website and internet banking login screen |
OCBC Bank (Hong Kong) Limited |
Fraudulent website and internet banking login screen |
Chong Hing Bank Limited |
Fraudulent website and internet banking login screen |
Chiyu Banking Corporation Limited |
Fraudulent websites and internet banking login screens |
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks' websites to carry out transactions. They will not ask customers for sensitive information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the scams concerned, should contact the relevant bank with the information provided in the corresponding press release, and report the matter to the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
Source: AI-found images
