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Overnight repo facility needed to boost CNH liquidity: Deutsche
July 27, 2012
The recently introduce offshore renminbi (CNH) repo facility needs to shorten its borrowing timeframe from seven days if it is to effectively boost market liquidity, says Deutsche Bank.
On June 15, the Hong Kong Monetary Authority (HKMA) introduced a repo facility, allowing banks to receive renminbi funds for posting the relevant capital. Funds are lent for seven days, which is longer than repo rates in other, including the...
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