HK broadens yuan financing channels  

港金管局开拓人民币融资渠道 或提高每日兑换上限

香港金融管理局宣布从15日起按照与人民银行的货币互换协议，向参与离岸人民币业务的认可机构提供短期人民币资金。同日，金管局管理层表示正与人行磋商，希望扩大境外个人每日兑换上限，并开设个人人民币业务，扩大服务范围。

Hong Kong (CNS) -- The Hong Kong Monetary Authority (HKMA) announced that as of Friday, it is offering short term capital in yuan to authorized offshore yuan business institutions based on its currency sway agreement with the People's Bank of China.

The HKMA also revealed that it is in negotiations with the PBC to raise the daily individual yuan exchange limit and expand yuan services to individuals.

HKMA offers one-week loans to the authorized institutions, and accepted mortgages include foreign exchange instruments, Hong Kong government bonds and yuan bonds issued by the Ministry of Finance.

Foreign media report that Hong Kong will soon take measures to boost offshore yuan cash pools, by raising the daily upper limit of local individual yuan exchanges to 20,000 yuan and relaxing the original daily cross-border remittance limit of 80,000 yuan.