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Hong Kong to double size of offshore RMB liquidity facility

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The Hong Kong Monetary Authority (HKMA) will double its yuan supply under the RMB Business Facility (RBF) to RMB 200 billion, effective February 2.

The HKMA announced the expansion on January 26.

ICYDK: The RBF was launched in October to replace an earlier yuan-funding facility, letting Hong Kong ...