--- title: "G Sachs: PBOC, HKMA Launch 11 Financial Connectivity Measures Structurally Positive for HK Banks" type: "News" locale: "en" url: "https://longbridge.com/en/news/292173474.md" description: "Goldman Sachs released a research report stating that the PBOC and HKMA launched 11 measures to deepen financial connectivity, which are structurally positive for Hong Kong banks. The broker highlighted BOC Hong Kong as the main short-term beneficiary due to its role as an RMB clearing bank. Goldman Sachs maintained Buy ratings on BOC Hong Kong, Standard Chartered, and HSBC, while assigning a Sell rating to Bank of East Asia." datetime: "2026-07-09T09:05:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292173474.md) - [en](https://longbridge.com/en/news/292173474.md) - [zh-HK](https://longbridge.com/zh-HK/news/292173474.md) generator: "portal-rs" --- # G Sachs: PBOC, HKMA Launch 11 Financial Connectivity Measures Structurally Positive for HK Banks G Sachs published a research report stating that on Jul 7, the People's Bank of China, together with the Hong Kong Monetary Authority and the Securities and Futures Commission, announced 11 new measures to deepen financial cooperation between Hong Kong and mainland China. Six of the measures focus on supporting Hong Kong's fixed income and currency markets, while the remaining five aim to further develop Hong Kong's offshore RMB business, including increasing the total quota of RMB business funding arrangements from RMB200 billion to RMB500 billion. The broker believes the measures will bring a structurally positive impact to Hong Kong banks overall and support growth in RMB-related balance sheets. G Sachs noted that BOC HONG KONG (02388.HK) -0.080 (-0.176%) Short selling $234.73M; Ratio 36.172% , as Hong Kong's only RMB clearing bank, is expected to become the main short-term beneficiary. The measures will support growth in RMB clearing and settlement activities and provide upside potential for fee income at BOC HONG KONG. In addition, G Sachs believes the series of new measures will also help ease investor concerns over recent cross-border regulatory developments in mainland China, reflecting policymakers' continued commitment to developing Hong Kong as a leading offshore RMB hub. G Sachs maintained Buy ratings on BOC HONG KONG (02388.HK) -0.080 (-0.176%) Short selling $234.73M; Ratio 36.172% , STANCHART (02888.HK) +0.400 (+0.181%) Short selling $10.15M; Ratio 7.184% and HSBC HOLDINGS (00005.HK) +0.400 (+0.263%) Short selling $275.54M; Ratio 20.308% , while assigning a Sell rating to BANK OF E ASIA (00023.HK) -0.040 (-0.307%) Short selling $895.97K; Ratio 9.395% . (gc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-09 16:25.) ### Related Stocks - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [02388.HK](https://longbridge.com/en/quote/02388.HK.md) - [02888.HK](https://longbridge.com/en/quote/02888.HK.md) - [STAN.UK](https://longbridge.com/en/quote/STAN.UK.md) - [00023.HK](https://longbridge.com/en/quote/00023.HK.md) - [HSBH.US](https://longbridge.com/en/quote/HSBH.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [BACHY.US](https://longbridge.com/en/quote/BACHY.US.md) - [03988.HK](https://longbridge.com/en/quote/03988.HK.md) - [601988.CN](https://longbridge.com/en/quote/601988.CN.md) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) ## Related News & Research - [HSBC Launches Renminbi Bond Prospectus Under Debt Issuance Programme](https://longbridge.com/en/news/296840070.md) - [HSBC HOLDINGS Reportedly Buys At Least USD3B of Indian Govt Bonds Over Past Few Mths](https://longbridge.com/en/news/296873196.md) - [Citi: BANK OF E ASIA 1H Revenue and Costs Beat Forecasts, Higher Payout Ratio Positive](https://longbridge.com/en/news/296445146.md) - [Reports Say HSBC HOLDINGS Conducted Largest Senior Executive Layoffs Since Financial Crisis Last Year, With Severance Costs Near USD68 million](https://longbridge.com/en/news/296579419.md) - [BOC HONG KONG Supports HKMC Annuity Plan in Providing Cross-border Annuity Payment Services](https://longbridge.com/en/news/296749307.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**