Central bank successfully issues $30 billion worth of central bank bills in Hong Kong

| gov.cn

Xinhua News Agency, Beijing, November 7 (Reporter Wu Yu) the people's Bank of China announced on the 7th that it had successfully issued 30 billion yuan RMB central bank bills in Hong Kong. The issue coincides with the first anniversary of the issuance of RMB central bank notes in Hong Kong. Since November 2018, the people's Bank of China has successfully issued 160 billion yuan RMB central bank notes in Hong Kong.

According to the people's Bank of China, two issues of RMB central bank notes were issued, including 20 billion yuan for three-month central bank bills and 10 billion yuan for one-year central bank bills, with a winning interest rate of 2.9 percent. The offering was welcomed by the market, with a total bid of more than 64 billion yuan, 2.1 times the circulation, with subscribers covering Europe, the United States, Asia and many other countries and regions.

According to reports, since November 2018, the people's Bank of China has successively issued 13 issues and 160 billion yuan of RMB central bank bills in Hong Kong, with an increasingly rich variety of maturities, and has gradually established a normal mechanism for issuing central bank bills in Hong Kong.

The person in charge of the people's Bank of China said that this will help enrich the range of RMB investment products with high credit rating and RMB liquidity management tools in the Hong Kong market, meet the needs of investors in the offshore market, and improve the offshore RMB yield curve. Encourage other issuers to issue RMB bonds in the offshore market, promote the development of the offshore RMB bond market, and promote the internationalization of the RMB.

Central bank successfully issues $30 billion worth of central bank bills in Hong Kong

| gov.cn

Xinhua News Agency, Beijing, November 7 (Reporter Wu Yu) the people's Bank of China announced on the 7th that it had successfully issued 30 billion yuan RMB central bank bills in Hong Kong. The issue coincides with the first anniversary of the issuance of RMB central bank notes in Hong Kong. Since November 2018, the people's Bank of China has successfully issued 160 billion yuan RMB central bank notes in Hong Kong.

According to the people's Bank of China, two issues of RMB central bank notes were issued, including 20 billion yuan for three-month central bank bills and 10 billion yuan for one-year central bank bills, with a winning interest rate of 2.9 percent. The offering was welcomed by the market, with a total bid of more than 64 billion yuan, 2.1 times the circulation, with subscribers covering Europe, the United States, Asia and many other countries and regions.

According to reports, since November 2018, the people's Bank of China has successively issued 13 issues and 160 billion yuan of RMB central bank bills in Hong Kong, with an increasingly rich variety of maturities, and has gradually established a normal mechanism for issuing central bank bills in Hong Kong.

The person in charge of the people's Bank of China said that this will help enrich the range of RMB investment products with high credit rating and RMB liquidity management tools in the Hong Kong market, meet the needs of investors in the offshore market, and improve the offshore RMB yield curve. Encourage other issuers to issue RMB bonds in the offshore market, promote the development of the offshore RMB bond market, and promote the internationalization of the RMB.




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