Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), announced that the expansion of funding arrangements for RMB business will be implemented on July 10, adding 9-month, 2-year, and 3-year maturities. The HKMA will also study the possibility of launching a 7-day offshore RMB liquidity bidding mechanism. Furthermore, the HKMA will explore the possibility of issuing offshore RMB short-term debt instruments.
