The FIMA (Foreign Institutional Monetary Authority) RMB Repo Tool is a groundbreaking financial infrastructure launched by the People’s Bank of China in June 2026, designed to provide offshore central banks and monetary authorities with a reliable liquidity management channel for their RMB-denominated assets. This tool allows eligible foreign institutions to conduct repurchase agreements using their onshore RMB bonds as collateral, accessing short-term RMB liquidity directly from the Chinese central bank. Unlike traditional cross-border liquidity facilities, the FIMA RMB Repo Tool operates 24/7 through a fully digital platform, with automated collateral valuation and instant settlement capabilities. By establishing this dedicated liquidity channel, the PBoC aims to enhance the attractiveness of RMB assets in global reserve portfolios, reduce liquidity risk premiums for offshore RMB holders, and strengthen the internationalization of the Chinese currency. The tool’s launch coincided with the expansion of China’s Bond Connect program and the inclusion of additional RMB bonds in global indices, collectively driving a 15% increase in foreign holdings of Chinese fixed-income assets within three months of implementation.