HKMA expands RMB Business Facility, increasing quota to RMB100 billion for 40 participating banks from Phase 2 onwards.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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The Hong Kong Monetary Authority ("HKMA") expanded the Renminbi Business Facility ("RBF") on December 29, 2025, increasing the quota for participating banks to RMB100 billion, a significant rise from the previous RMB50 billion. The new phase, beginning on December 1, 2025, allows 40 participating banks to apply for RMB funds from the HKMA, supporting both local and overseas corporates and promoting economic growth.
The scope of eligible Renminbi ("RMB") financing activities has been broadened to encompass RMB capital expenditure (capex) and working capital term loans. This expanded scope has received a positive response from the banking industry. The specific quotas for each bank are determined based on their business scale, expected pipeline, geographical reach, and past usage of the facility.
Mr. Eddie Yue, the Chief Executive of the HKMA, has announced that the RBF will be monitored with the support of the People’s Bank of China. The number of participating banks may be increased based on actual usage and market demand to foster growth in the offshore RMB business. Operational details can be found in the Circular.
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