RMB Business Facility to be launched

The government plans to issue more RMB bonds and set gov’t expenditure in RMB.

Hong Kong is set to introduce an RMB Business Facility, which is expected to provide enterprises with the longer-term RMB financing needed for trade, daily operation, and capital expenditure.

In his 2025 Policy Address, Chief Executive John Lee set out expectations for the facility to support the use of renminbi (RMB) in the real economy, as well as enhance the liquidity and global reach of the offshore RMB market in Hong Kong.

“The [Hong Kong Monetary Authority] will also explore measures to facilitate foreign exchange quotations and transactions between RMB and other regional currencies in Hong Kong,” Lee said in his address on 17 September.

The Hong Kong government will also issue more RMB bonds and consider settling government expenditure in RMB, he said.