Hong Kong Monetary Authority (HKMA) Increased Phase 2 RMB Business Facility (RBF) to $14.2 Billion (CNY 100 Billion) Effective 1st December 2025 from Phase 1 $7.1 Billion (CNY 50 Billion), Allows Banks to Apply for RMB Funds from HKMA to Provide RMB Financing to Local & Overseas Corporates, Phase 2 Participating Banks (40) include HSBC, Standard Chartered Bank, ANZ, BNP Paribas, DBS, OCBC, UOB, Hang Seng Bank, Bank of China, China Construction Bank & ICBC
30th December | Hong Kong
The Hong Kong Monetary Authority (HKMA) has increased Phase 2 RMB Business Facility (RBF) to $14.2 billion (CNY 100 billion) effective 1st December 2025 from Phase 1 $7.1 billion (CNY 50 billion), allowing banks to apply for RMB funds from HKMA to provide RMB financing to local & overseas corporates. Phase 2 participating banks (40) include HSBC, Standard Chartered Bank, ANZ, BNP Paribas, DBS, OCBC, UOB, Hang Seng Bank, Bank of China, China Construction Bank & ICBC. Announcement (29/12/25): “The Hong Kong Monetary Authority (HKMA) announced today (29 December) the expanded list of 40 participating banks (see Annex) starting from Phase 2 of the RMB Business Facility (RBF), with the total quota allocated to participating banks increased to RMB100 billion, from RMB50 billion in the previous phase. As announced by the HKMA on 26 September. (please refer to the Circular for more details), starting from Phase 2 of the RBF, the scope of eligible Renminbi (RMB) financing activities has been broadened to cover RMB capital expenditure (capex) and working capital term loans. Such enhancement has been well-received by the banking industry. Starting from Phase 2, which commenced on 1 December, the 40 participating banks can apply for RMB funds from the HKMA within their assigned quota under the RBF, to provide RMB financing to local and overseas corporates in support of the real economy. The specific quota assigned to each of the 40 participating banks is based on the bank’s existing scale of relevant business, expected pipeline, as well as the geographical reach of its overseas intragroup banking entities, all of which reflect its potential in enhancing Hong Kong’s capacity in channelling offshore RMB funds to the global market. When determining the quota allocation, facility usage of the 24 banks that participated in the previous RMB Trade Financing Liquidity Facility and Phase 1 of the RBF has also been taken into account.”
“ Hong Kong Monetary Authority (HKMA) Increased Phase 2 RMB Business Facility (RBF) to $14.2 Billion (CNY 100 Billion) Effective 1st December 2025 from Phase 1 $7.1 Billion (CNY 50 Billion), Allows Banks to Apply for RMB Funds from HKMA to Provide RMB Financing to Local & Overseas Corporates, Phase 2 Participating Banks (40) include HSBC, Standard Chartered Bank, ANZ, BNP Paribas, DBS, OCBC, UOB, Hang Seng Bank, Bank of China, China Construction Bank & ICBC “
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40 Participating Banks – $14.2 Billion (CNY 100 Billion) Phase 2 RMB Business Facility (RBF)
- Agricultural Bank of China Limited
- Australia and New Zealand Banking Group Limited
- Bangkok Bank Public Company Limited
- Bank of China (Hong Kong) Limited
- Bank of China Limited
- Bank of Communications (Hong Kong) Limited
- Bank of Communications Co., Ltd.
- Bank of East Asia, Limited (The)
- Bank SinoPac
- BNP Paribas
- China CITIC Bank International Limited
- China Construction Bank (Asia) Corporation Limited
- China Construction Bank Corporation
- China Everbright Bank Co., Ltd.
- China Merchants Bank Co., Ltd.
- China Minsheng Banking Corp., Ltd.
- Chiyu Banking Corporation Limited
- Chong Hing Bank Limited
- CMB Wing Lung Bank Limited
- Dah Sing Bank, Limited
- DBS Bank (Hong Kong) Limited
- DBS Bank Ltd.
- Deutsche Bank AG
- First Abu Dhabi Bank PJSC
- Fubon Bank (Hong Kong) Limited
- Hang Seng Bank, Limited
- Hongkong and Shanghai Banking Corporation Limited
- Industrial and Commercial Bank of China (Asia) Limited
- Industrial and Commercial Bank of China Limited
- Industrial Bank Co., Ltd.
- ING Bank N.V.
- Malayan Banking Berhad
- Nanyang Commercial Bank, Limited
- OCBC Bank (Hong Kong) Limited
- Oversea-Chinese Banking Corporation Limited
- Ping An Bank Co., Ltd.
- Qatar National Bank (Q.P.S.C)
- Shanghai Pudong Development Bank Co., Ltd.
- Standard Chartered Bank (Hong Kong) Limited
- United Overseas Bank Limited
Hong Kong Monetary Authority (HKMA) Increased Phase 2 RMB Business Facility (RBF) to $14.2 Billion (CNY 100 Billion) Effective 1st December 2025 from Phase 1 $7.1 Billion (CNY 50 Billion), Allows Banks to Apply for RMB Funds from HKMA to Provide RMB Financing to Local & Overseas Corporates, Phase 2 Participating Banks (40) include HSBC, Standard Chartered Bank, ANZ, BNP Paribas, DBS, OCBC, UOB, Hang Seng Bank, Bank of China, China Construction Bank & ICBC
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