The Hong Kong Monetary Authority announced that First Abu Dhabi Bank has joined its expanded program for providing liquidity in Chinese yuan. This expansion of the program aims to support financial stability and facilitate international settlements in yuan. Initially, several major international banks were included in the program. Now, First Abu Dhabi Bank has become one of the participants, which highlights the growing trust in the Hong Kong financial system. The bank expressed its commitment to strengthening cooperation with China and promoting the development of the yuan as a global reserve currency. This decision opens up new opportunities for businesses and investors using yuan in international operations.
