Hong Kong expands RMB facility to $28.6b after banks hit quotas

The initial quota had been fully allocated to 40 banks.

The Hong Kong Monetary Authority (HKMA) has doubled the total size of the RMB Business Facility (RBF) to about $28.67b (RMB200b), beginning 2 February 2026.

The RBF provides banks with a lower-cost source of renminbi (RMB) funds, enabling them to offer RMB financing to their corporate clients and support the wider use of RMB in the real economy. It replaced the RMB Trade Financing Liquidity Facility last October 2025.

Since its launch, the RBF received “overwhelming response” from the banking sector since its launch, the HKMA said, and the initial RMB100b aggregate quota had been fully allocated to 40 participating banks.  

Eligible activities have been expanded from trade finance to cover capital expenditure and working capital term loans, the HKMA added.  

Some participating banks have reached or are approaching the cap of their quotas, leading to the decision to expand the facility.

“The experience so far suggests that the RBF has not only served corporations in Hong Kong but has also successfully channelled offshore RMB funds to regions such as the ASEAN countries, the Middle East, and Europe,” the HKMA said in an online statement.

More banks have indicated keen interest in participating in the RBF, it added.