China and HK central banks close to finalising new CNH clearing arrangement

asiarisk-jul08-01-gif

The People's Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) are close to finalising an additional arrangement to the current renminbi clearing and settlement arrangements for banks operating offshore renminbi business in Hong Kong. This is aimed at alleviating concerns about credit risks associated with excess liquidity from client deposits being held with the clearing bank, Bank of China Hong Kong (BOCHK). The new arrangements would include custodian accounts facing the PBoC

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: