Central BanksMedium•6 October 2026•
1 min read
US Lawmaker Urges Fed to Review Hong Kong's Access to Dollar Liquidity
Key Facts
1House China committee Chairman John Moolenaar urged the Fed to review Hong Kong's access to the FIMA repo facility.
2The request follows China's aggressive promotion of the renminbi and Hong Kong's expanding role in global finance.
House China committee Chairman John Moolenaar urged the Federal Reserve to review Hong Kong's access to the FIMA repo facility. CNBC reported that the lawmaker requested an evaluation of whether the financial hub should continue to benefit from this critical source of short-term US dollar liquidity.
The request follows China's aggressive promotion of the renminbi and Hong Kong's expanding role in those global efforts. This development signals escalating financial decoupling risks between the US and China, as lawmakers scrutinize the strategic competition between the dollar and the Chinese currency.