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Offshore Rmb trade financing programme kicks off in Hong Kong

Banks in the city can provide longer tenor trade finance services with higher volumes for both Chinese and international corporate clients, under a new HKMA arrangement; some firms have already secured liquidity.
Offshore Rmb trade financing programme kicks off in Hong Kong

From February 28, banks in Hong Kong can carry out trade finance facilities denominated in offshore Renminbi for corporates having Rmb trade exposures.

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