Deutsche Bank appointed by HKMA as a Primary Liquidity Provider
– Deutsche Bank is one of 12 banks selected under the HKMA's Primary Liquidity Provider Scheme, as a Primary Liquidity Provider (PLP) for Hong Kong's offshore renminbi (RMB) market for a two-year term beginning 27 October 2026. – The designation supports liquidity in Hong Kong's offshore RMB market and reinforces Hong Kong's role as the world's leading offshore RMB hub. – The HKMA has increased the total RMB repo facility available to PLPs from RMB20 billion to RMB22 billion to provide additional market liquidity support. – Deutsche Bank provides RMB solutions across financing, foreign exchange, rates and capital markets, helping clients facilitate cross-border trade, investment and liquidity management
Deutsche Bank today announced that it has been designated by the Hong Kong Monetary Authority (HKMA) as a Primary Liquidity Provider (PLP) for the offshore renminbi (RMB) market in Hong Kong for a two-year term, commencing from 27 October 2026.
As one of 12 banks designated under the HKMA's PLP Scheme, Deutsche Bank will continue to support liquidity in Hong Kong's offshore RMB market. The designation forms part of the HKMA's efforts to enhance liquidity support for the offshore RMB market and further strengthen Hong Kong's position as the leading offshore RMB hub.
As part of the latest enhancements to the scheme, the HKMA will increase the total RMB repo facility available to PLPs from RMB20 billion to RMB22 billion, providing additional liquidity support to the market.
Joe Lai, Deutsche Bank’s Chief Executive Officer for Hong Kong SAR and Head of Investment Banking & Capital Markets, APAC, said: "We are honoured to be appointed as a Primary Liquidity Provider for Hong Kong's offshore renminbi market. This designation underscores Deutsche Bank's commitment to supporting RMB internationalisation and facilitating the growing flow of trade, investment and capital between China and global markets."
Hong Kong plays a pivotal role as the leading offshore RMB centre, and we look forward to working with the HKMA and market participants to further deepen market liquidity, strengthen the offshore RMB ecosystem and support Hong Kong's continued leadership as a global hub for offshore RMB business. Joe Lai
Deutsche Bank provides a broad range of RMB solutions across financing, foreign exchange, rates and capital markets, supporting corporate, institutional and financial institution clients globally. Through its global network and RMB expertise, the bank helps clients facilitate cross-border trade and investment, access liquidity and manage risk across international markets.
What is a Primary Liquidity Provider (PLP)?
Primary Liquidity Providers are banks designated by the HKMA to support liquidity in Hong Kong's offshore renminbi (RMB) market. The scheme helps strengthen the offshore RMB ecosystem and supports Hong Kong's position as a leading offshore RMB centre.
Why was Deutsche Bank selected as a PLP?
According to the HKMA, PLPs are selected based on factors including their ability to provide offshore RMB funding, make markets for offshore RMB instruments and their commitment to using Hong Kong as a global hub for offshore RMB business.
How does the PLP Scheme support the offshore RMB market?
The HKMA provides participating banks with access to RMB liquidity facilities. As part of the latest enhancement to the scheme, the total RMB repo facility available to PLPs was increased from RMB20 billion to RMB22 billion.
What RMB capabilities does Deutsche Bank provide?
Deutsche Bank provides RMB solutions across financing, foreign exchange, rates and capital markets, helping corporate, institutional and financial institution clients facilitate cross-border trade and investment, access liquidity and manage risk globally.
Why does Hong Kong matter for offshore RMB business?
Hong Kong is the leading offshore RMB business hub and plays a central role in facilitating RMB-denominated trade, investment and capital flows between China and international markets
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– Deutsche Bank is one of 12 banks selected under the HKMA's Primary Liquidity Provider Scheme, as a Primary Liquidity Provider (PLP) for Hong Kong's offshore renminbi (RMB) market for a two-year term beginning 27 October 2026.
– The designation supports liquidity in Hong Kong's offshore RMB market and reinforces Hong Kong's role as the world's leading offshore RMB hub.
– The HKMA has increased the total RMB repo facility available to PLPs from RMB20 billion to RMB22 billion to provide additional market liquidity support.
– Deutsche Bank provides RMB solutions across financing, foreign exchange, rates and capital markets, helping clients facilitate cross-border trade, investment and liquidity management
Deutsche Bank today announced that it has been designated by the Hong Kong Monetary Authority (HKMA) as a Primary Liquidity Provider (PLP) for the offshore renminbi (RMB) market in Hong Kong for a two-year term, commencing from 27 October 2026.
As one of 12 banks designated under the HKMA's PLP Scheme, Deutsche Bank will continue to support liquidity in Hong Kong's offshore RMB market. The designation forms part of the HKMA's efforts to enhance liquidity support for the offshore RMB market and further strengthen Hong Kong's position as the leading offshore RMB hub.
As part of the latest enhancements to the scheme, the HKMA will increase the total RMB repo facility available to PLPs from RMB20 billion to RMB22 billion, providing additional liquidity support to the market.
Joe Lai, Deutsche Bank’s Chief Executive Officer for Hong Kong SAR and Head of Investment Banking & Capital Markets, APAC, said: "We are honoured to be appointed as a Primary Liquidity Provider for Hong Kong's offshore renminbi market. This designation underscores Deutsche Bank's commitment to supporting RMB internationalisation and facilitating the growing flow of trade, investment and capital between China and global markets."
Deutsche Bank provides a broad range of RMB solutions across financing, foreign exchange, rates and capital markets, supporting corporate, institutional and financial institution clients globally. Through its global network and RMB expertise, the bank helps clients facilitate cross-border trade and investment, access liquidity and manage risk across international markets.
What is a Primary Liquidity Provider (PLP)?
Primary Liquidity Providers are banks designated by the HKMA to support liquidity in Hong Kong's offshore renminbi (RMB) market. The scheme helps strengthen the offshore RMB ecosystem and supports Hong Kong's position as a leading offshore RMB centre.
Why was Deutsche Bank selected as a PLP?
According to the HKMA, PLPs are selected based on factors including their ability to provide offshore RMB funding, make markets for offshore RMB instruments and their commitment to using Hong Kong as a global hub for offshore RMB business.
How does the PLP Scheme support the offshore RMB market?
The HKMA provides participating banks with access to RMB liquidity facilities. As part of the latest enhancement to the scheme, the total RMB repo facility available to PLPs was increased from RMB20 billion to RMB22 billion.
What RMB capabilities does Deutsche Bank provide?
Deutsche Bank provides RMB solutions across financing, foreign exchange, rates and capital markets, helping corporate, institutional and financial institution clients facilitate cross-border trade and investment, access liquidity and manage risk globally.
Why does Hong Kong matter for offshore RMB business?
Hong Kong is the leading offshore RMB business hub and plays a central role in facilitating RMB-denominated trade, investment and capital flows between China and international markets
Further links on the topic
Deutsche Bank in Asia Pacific
Investment Bank
HKMA Press Release
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