Dossier
Shanghai three-month interbank offered rate
Coverage of Shanghai three-month interbank offered rate in the Nexus archive.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota, enhancing the use of the Chinese currency in global business. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at the Shanghai three-month interbank offered rate.
- How the RMB Business Facility will help consolidate Hong Kong’s financial role
Hong Kong launched an updated RMB Business Facility with a 150% larger quota to enhance global yuan usage. The facility, managed by the Hong Kong Monetary Authority, allows banks to borrow yuan at lower Shanghai interbank rates.