Guidelines & Circulars

Our Ref: B1/15C

27 July 2009

The Chief Executive
All Authorized Institutions

Dear Sir/Madam,

Return of Renminbi Business Activities

I refer to my letter of 7 July 2009 on the reporting of renminbi business data. To cope with the recent expansion in the scope of renminbi business in Hong Kong, the HKMA has revised the Return of Renminbi Business Activities (MA(BS)16) after consulting the two industry associations. The revised Return and Completion Instructions are annexed for your perusal.

All authorized institutions (AIs) are required to file the revised Return starting from the position of end-August 2009, according to the usual timeline (i.e. within 21 days from the position date). AIs may download the electronic file of the revised Return from the HKMA's private website (www.stet.finnet.hk) nearer the time, and we will inform you in due course. As soon as the revised Return is adopted, AIs will no longer be required to submit the supplementary spreadsheet template introduced in the letter of 7 July which is used for reporting the position of July 2009 only.

Should you have any questions on this letter, please feel free to approach Ms Denise Tai (tel. no. 2878-1589) or your usual supervisory contact at the HKMA.

Yours faithfully,

Nelson Man
Executive Director
(Banking Supervision)

Encl.

MA(BS)16 Form (PDF file, 55KB)
MA(BS)16 Complete Instructions (PDF file, 92KB)