RMB Goes Free: HKMA Refines Renminbi Liquidity Facility To Authorized Institutions, While SGX Announces Imminent RMB Trading
Thursday,25/07/2013|14:15GMTby
Andrew Saks McLeod
The Chinese renminbi is the subject of strict governmental controls, however today two entities announced that there is to be some freer movement. Singapore Exchange will offer the first RMB shares on August 5, and HKMA eases access to liquidity.
Hong Kong and Singapore are both well recognized as nations with very established and strong financial markets, which are a safe haven for investment and have been free of recent financial crises that have plagued other regions.
They both also enjoy the benefit of being close to, and in the case of Hong Kong, part of a much coveted nation, China, and are often viewed by overseas companies as strategic entry points to the Chinese market.
World First: Yangzijiang Shipbuilding Is The First Company To Offer RMB Shares On The SGX
Although China has a very strict capital control policy, as a result of which it is very difficult to tap into Liquidity pools in the nation’s currency, the Chinese renminbi (RMB), there is demand in the institutional sector for access.
Hong Kong Provides Liquidity Key
Today, the Hong Kong Monetary Authority (HKMA) has made two enhancements to the provision of renminbi liquidity to authorized institutions participating in renminbi business in Hong Kong.
Under the existing RMB liquidity facility, the HKMA provides one-week RMB funds to Participating AIs against eligible collateral, with funds available on a next day basis (T+1).
In the light of the continued development of the offshore RMB market in Hong Kong, the HKMA introduces two enhancements of the facility with effect from 26 July 2013 as follows:
The first of such revisions determines that in addition to providing funds of one week tenor on T+1 basis, the existing facility will provide one-day funds which will also be available on the next day (T+1). The HKMA will continue to make use of the Swap Agreement with People’s Bank of China in providing such funds.
2. Overnight funds, available on the same day (T+0), will be provided to help banks meet their liquidity needs. The HKMA will use its own source of RMB funds in the offshore market to provide such lending, and expects the amount of overnight funds to be provided will be up to 10 billion RMB in total on a single day.
The regulator defines these instruments as tenor, which is not a common term of reference as it usually refers to time frames of bank loans however in this instance it is used to describe the terms of fixed-income instruments such as government bonds and corporate bonds.
HKMA CEO Norman Chan made a statement on behalf of the regulator today: “The HKMA’s introduction of two enhancements to the RMB liquidity facility will strengthen liquidity management of banks participating in the RMB business and support further development of Hong Kong as the hub for offshore RMB business”.
The regulatory authority also stated that participating authorized institutions are welcome to use the facility to meet short-term funding needs.
They are, however, advised to plan their funding ahead of time and avoid over-dependence on the RMB liquidity facility. The HKMA intends to review the terms and conditions of the facility in the light of actual operating experience.
Singapore Exchange To Allow Trading of Shares In RMB
Furthermore, today saw the introduction of the very first company to offer the trading of its shares in RMB.
Yangzijiang Shipbuilding (Holdings) Ltd will be the first company to have trading of its shares in the Chinese currency on SGX’s dual currency Trading Platform, the commencement of which is set for August 5 this year.
This particular manufacturer of large ocean-going ships is China’s fourth largest shipbuilding company and is based in Jiangsu Province on the mainland.
Magnus Bocker, CEO of SGX, stated: “This is an exciting and positive development for Singapore as an offshore RMB centre. It also demonstrates how SGX is contributing to the infrastructure and capabilities required for issuers and investors to tap on opportunities offered by China.
Ren Yuanlin, Executive Chairman of Yangzijiang, concluded: “We have always been very appreciative of the support that SGX has given to us and we would like to sincerely thank SGX for giving our shares the opportunity to be traded in RMB. It also gives us great honour to be the first counter on SGX to trade in RMB."
"We always want our existing and potential investors to have more freedom and flexibility to buy our shares and with this dual currency trading, SGX has given the necessary platform needed for that.”
Hong Kong and Singapore are both well recognized as nations with very established and strong financial markets, which are a safe haven for investment and have been free of recent financial crises that have plagued other regions.
They both also enjoy the benefit of being close to, and in the case of Hong Kong, part of a much coveted nation, China, and are often viewed by overseas companies as strategic entry points to the Chinese market.
World First: Yangzijiang Shipbuilding Is The First Company To Offer RMB Shares On The SGX
Although China has a very strict capital control policy, as a result of which it is very difficult to tap into Liquidity pools in the nation’s currency, the Chinese renminbi (RMB), there is demand in the institutional sector for access.
Hong Kong Provides Liquidity Key
Today, the Hong Kong Monetary Authority (HKMA) has made two enhancements to the provision of renminbi liquidity to authorized institutions participating in renminbi business in Hong Kong.
Under the existing RMB liquidity facility, the HKMA provides one-week RMB funds to Participating AIs against eligible collateral, with funds available on a next day basis (T+1).
In the light of the continued development of the offshore RMB market in Hong Kong, the HKMA introduces two enhancements of the facility with effect from 26 July 2013 as follows:
The first of such revisions determines that in addition to providing funds of one week tenor on T+1 basis, the existing facility will provide one-day funds which will also be available on the next day (T+1). The HKMA will continue to make use of the Swap Agreement with People’s Bank of China in providing such funds.
2. Overnight funds, available on the same day (T+0), will be provided to help banks meet their liquidity needs. The HKMA will use its own source of RMB funds in the offshore market to provide such lending, and expects the amount of overnight funds to be provided will be up to 10 billion RMB in total on a single day.
The regulator defines these instruments as tenor, which is not a common term of reference as it usually refers to time frames of bank loans however in this instance it is used to describe the terms of fixed-income instruments such as government bonds and corporate bonds.
HKMA CEO Norman Chan made a statement on behalf of the regulator today: “The HKMA’s introduction of two enhancements to the RMB liquidity facility will strengthen liquidity management of banks participating in the RMB business and support further development of Hong Kong as the hub for offshore RMB business”.
The regulatory authority also stated that participating authorized institutions are welcome to use the facility to meet short-term funding needs.
They are, however, advised to plan their funding ahead of time and avoid over-dependence on the RMB liquidity facility. The HKMA intends to review the terms and conditions of the facility in the light of actual operating experience.
Singapore Exchange To Allow Trading of Shares In RMB
Furthermore, today saw the introduction of the very first company to offer the trading of its shares in RMB.
Yangzijiang Shipbuilding (Holdings) Ltd will be the first company to have trading of its shares in the Chinese currency on SGX’s dual currency Trading Platform, the commencement of which is set for August 5 this year.
This particular manufacturer of large ocean-going ships is China’s fourth largest shipbuilding company and is based in Jiangsu Province on the mainland.
Magnus Bocker, CEO of SGX, stated: “This is an exciting and positive development for Singapore as an offshore RMB centre. It also demonstrates how SGX is contributing to the infrastructure and capabilities required for issuers and investors to tap on opportunities offered by China.
Ren Yuanlin, Executive Chairman of Yangzijiang, concluded: “We have always been very appreciative of the support that SGX has given to us and we would like to sincerely thank SGX for giving our shares the opportunity to be traded in RMB. It also gives us great honour to be the first counter on SGX to trade in RMB."
"We always want our existing and potential investors to have more freedom and flexibility to buy our shares and with this dual currency trading, SGX has given the necessary platform needed for that.”
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We close with a practical question: how retail investors can actually use AI without falling into common traps.
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We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
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This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
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🔹Why ultra-low latency must be proven with data, not buzzwords
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👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
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▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
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- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
