Wednesday, July 30, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

HKMA Reveals Banks Participating in RMB Trade Financing Liquidity Facility

3 March 2025
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on Twitter




Darius Baruo
Feb 27, 2025 23:07

The Hong Kong Financial Authority (HKMA) has introduced the banks taking part within the first section of its RMB Commerce Financing Liquidity Facility, allocating RMB50 billion to those establishments.





The Hong Kong Financial Authority (HKMA) has disclosed the record of banks taking part within the preliminary section of the RMB Commerce Financing Liquidity Facility (RMB TFLF), efficient from February 28, 2025. This announcement marks a major step in facilitating commerce finance for company clients throughout the area.

Particulars of the RMB TFLF

The ability, with a complete measurement of RMB100 billion, has allotted RMB50 billion to the taking part banks. Every financial institution has been assigned a selected quota primarily based on anticipated pipelines and the present scale of their related enterprise actions. These banks are actually eligible to use for RMB funds from the HKMA underneath the RMB TFLF, contingent upon offering RMB commerce finance to company clients inside their assigned quotas.

Monitoring and Future Phases

The HKMA has dedicated to carefully monitoring the implementation of the RMB TFLF. This consists of reviewing the operation of the power, the RMB commerce finance actions of banks, and total market growth wants. Relying on the power’s efficiency and market demand, the HKMA plans to proceed with the following section of quota allocation by mid-2025. Banks that aren’t a part of the preliminary section are inspired to develop their RMB commerce finance capabilities to qualify for subsequent phases.

Encouraging Market Improvement

The HKMA’s initiative is a part of its broader technique to reinforce Hong Kong’s position as a number one worldwide monetary heart, significantly in RMB commerce finance. The ability goals to supply liquidity assist to banks, thereby selling using RMB in commerce finance and strengthening the monetary ecosystem within the area.

The phrases and operational particulars of the RMB TFLF may be discovered within the official HKMA Round.

Picture supply: Shutterstock



Source link

Tags: BanksFacilityFinancingHKMAliquidityParticipatingrevealsRMBTrade
Previous Post

New Decentralized AI Altcoin Leaps After Gaining Surprise Support From Binance – The Daily Hodl

Next Post

Binance Users Targeted In SMS Scam Linked To Bybit Hack

Related Posts

DYDX Price Falls to $0.62 Despite MiCA Compliance Boost – Technical Analysis Shows Mixed Signals
Blockchain

DYDX Price Falls to $0.62 Despite MiCA Compliance Boost – Technical Analysis Shows Mixed Signals

29 July 2025
Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T
Blockchain

Ray Dalio Backs Gold and Bitcoin as US Debt Hits $36.7T

29 July 2025
How a Web3 or Blockchain Certification Can Boost Your LinkedIn Visibility
Blockchain

How a Web3 or Blockchain Certification Can Boost Your LinkedIn Visibility

29 July 2025
DYDX Price Drops 7.6% Despite Major Token Burn and $10M Investment
Blockchain

DYDX Price Drops 7.6% Despite Major Token Burn and $10M Investment

29 July 2025
Storm Seeks $1.5M More as Tornado Cash Trial Costs Climb
Blockchain

Storm Seeks $1.5M More as Tornado Cash Trial Costs Climb

28 July 2025
DYDX Price Analysis: Bulls and Bears Battle at $0.64 as Technical Indicators Show Mixed Signals
Blockchain

DYDX Price Analysis: Bulls and Bears Battle at $0.64 as Technical Indicators Show Mixed Signals

28 July 2025
Next Post
Binance Users Targeted In SMS Scam Linked To Bybit Hack

Binance Users Targeted In SMS Scam Linked To Bybit Hack

Viral Comedian ‘Rug Pulls’ Solana Meme Coins, Donates Proceeds to Palestine – Decrypt

Viral Comedian 'Rug Pulls' Solana Meme Coins, Donates Proceeds to Palestine - Decrypt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

Ethereum Price Drops After Bullish Attempt — Support Area Under Pressure

2 July 2025
Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

Live Best Meme Coins Updates Today: TOKEN6900 Presale Begins with Promises of 1000x, SEC Approves First-Ever ETF with Bitcoin, Ethereum, XRP, and More…

2 July 2025
‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

‘Altseason for TradFi’ Underway As Investors Look To Rotate Profits Into Riskier Bets: Bitwise CIO Matt Hougan – The Daily Hodl

30 July 2025
Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

Market Set to Surge as PayPal Introduces ‘Pay with Crypto’ Feature for 100+ Tokens

30 July 2025
Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

Uprise Teams Up with HoneyBook to Bring Tax Planning to Small Business Owners – Finovate

30 July 2025
Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

Strategy Purchases 21,021 Bitcoin After $2.52 Billion IPO

30 July 2025
Redstone Debuts Oracle for Instant DeFi Liquidations and MEV Capture    – Defi Bitcoin News

Redstone Debuts Oracle for Instant DeFi Liquidations and MEV Capture    – Defi Bitcoin News

29 July 2025
Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

Signal That Sparked 100% Litecoin Rally In 2017 Has Been Triggered Again | Bitcoinist.com

29 July 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$117,727.00-0.31%
  • ethereumEthereum(ETH)$3,778.63-0.07%
  • rippleXRP(XRP)$3.12-0.44%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$805.39-2.84%
  • solanaSolana(SOL)$180.19-1.60%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,772.77-0.19%
  • dogecoinDogecoin(DOGE)$0.223445-1.14%
  • tronTRON(TRX)$0.3375984.60%