Hong Kong to expand RMB trade finance support
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The Hong Kong Monetary Authority (HKMA) will launch the highly anticipated RMB Business Facility (RBF) on October 9.
The HKMA announced the news on Friday.
ICYDK: The RBF will replace the existing RMB Trade Financing Liquidity Facility, which lets major Hong Kong banks borrow up to RMB 100 billion...