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Hang Seng amongst first to execute offshore RMB bond repurchase

It leverages eligible onshore bonds held under the Northbound Bond Connect scheme as collateral.

Hang Seng Bank was amongst the first to execute multiple offshore RMB bond repurchase (repo) transactions last 10 February 2025, when the offshore repo arrangement was launched.

These transactions leverage eligible onshore bonds held under the Northbound Bond Connect scheme as collateral and mark the continued development of offshore RMB liquidity.

The offshore repo arrangement is one of various new policy measures announced by the Hong Kong Monetary Authority and the People's Bank of China to strengthen links between financial markets in Hong Kong and the mainland. 

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