Hang Seng Bank (HKG:0011) is among the first banks to implement offshore renminbi repo on the day of its launch on Feb. 10, according to a same-day news release by the bank.
The transactions utilize eligible onshore bonds held under the Northbound Bond Connect scheme as collateral to help boost offshore renminbi liquidity, according to the bank.
The offshore repurchase agreement is one of the new policy measures by the Hong Kong Monetary Authority and the People's Bank of China to boost financial links with Hong Kong and mainland China, Hang Seng Bank said.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。