Central Bank: Deepen the financing currency function of the Renminbi to support the development of the offshore Renminbi market

[Central Bank: Deepen the Financing Function of Renminbi to Support the Development of Offshore Renminbi Market] The head of the Macro-Prudential Management Bureau of the Central Bank stated that it will continue to improve various Renminbi financing support policies and tools, better utilize the role of the interbank currency swap mechanism to support the cross-border use of Renminbi, improve the management of cross-border interbank Renminbi financing, and encourage and support more eligible overseas institutions to issue XMC bonds within the country. Improve the arrangements for cross-border Renminbi liquidity supply, optimize the layout of clearing banks, and continuously strengthen policy support for the liquidity of clearing banks. Support various domestic and foreign institutions to issue and trade Renminbi assets overseas, normalize the issuance of central bank bills, and enrich liquidity management and Risk Management tools. Consolidate and enhance the status of Hong Kong as an international financial center and offshore Renminbi business hub. (Financial Times)