BOCHK’s Onshore Funding Access Deepens Hong Kong’s Yuan Role

Hong Kong, 14 October 2026 – Bank of China (Hong Kong), the city’s sole renminbi clearing bank, plans to issue negotiable certificates of deposit in mainland China’s interbank market, widening its direct access to onshore funding. The move gives a core offshore institution another way to raise short-term yuan and reinforces Hong Kong’s position as the main international hub for the currency.

Negotiable certificates of deposit are short-term instruments used by banks to manage liquidity and diversify wholesale funding. They are actively traded in China’s interbank market and priced alongside other money-market instruments. Allowing BOCHK to issue them onshore connects its funding more closely with the market where mainland banks raise short-term liabilities.