PBOC Issues 60 Billion Yuan in 6-Month Hong Kong Bills at 1.37% Yield
The People's Bank of China issued 60 billion yuan ($8.5 billion) in six-month central bank bills in Hong Kong on September 23, 2026, at a winning interest rate of 1.37%. The issuance, conducted via the Hong Kong Monetary Authority's CMU platform, aims to enrich high-credit RMB products and improve the offshore yuan yield curve.
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China's Central Bank Issues 60 Billion Yuan in 6-Month Bills at 1.37% Yield
On Wednesday, September 23, the People's Bank of China (PBOC) issued the ninth batch of central bank bills for 2026 through the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) bond bidding platform. The issuance amount was 60 billion yuan (600 billion yuan in the original text, likely a typo for 60 billion as 600亿 is 60 billion), with a maturity of six months. The winning interest rate was set at 1.37% through a rate-based auction process. This operation is part of the PBOC's regular management of offshore yuan liquidity and provides a benchmark for short-term yuan interest rates in Hong Kong's financial market.
Read sourceChina Central Bank Issues 60 Billion Yuan in 6-Month Bills in Hong Kong at 1.37%
On September 23, China's central bank, the People's Bank of China (PBOC), issued 60 billion yuan (approximately 8.5 billion US dollars) worth of six-month renminbi-denominated central bank bills in Hong Kong. The winning interest rate for the issuance was set at 1.37%. This operation is part of the PBOC's regular practice of issuing offshore central bank bills in Hong Kong, which helps to manage liquidity in the offshore renminbi market and support the internationalization of the Chinese currency. The issuance provides a benchmark yield for offshore renminbi bonds and reflects the central bank's ongoing efforts to stabilize the yuan's exchange rate and influence offshore funding conditions.
China's Central Bank Issues 60 Billion Yuan in 2026 Ninth Batch Bills via Rate Auction
The People's Bank of China (PBOC) announced on Wednesday (September 23) that it issued the ninth batch of 2026 central bank bills through the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) bond bidding platform. The issuance was conducted via a rate-based auction, with a total volume of 60 billion yuan (approximately 8.3 billion USD). This operation is part of the PBOC's regular offshore bill issuance program, aimed at managing liquidity and stabilizing the offshore yuan exchange rate. The bills are typically used to absorb excess yuan liquidity in Hong Kong's offshore market and provide a benchmark for offshore yuan interest rates. The announcement did not specify the maturity date or the coupon rate, which would be determined by the auction results.
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China's Central Bank to Issue 60 Billion Yuan in Bills in Hong Kong
The People's Bank of China (PBOC) announced it will issue 60 billion yuan (approximately $8.5 billion) worth of central bank bills in Hong Kong on September 23, 2026. The issuance, conducted through the Hong Kong Monetary Authority's Central Maturity Unit (CMU) bond bidding platform, aims to enrich high-credit-grade renminbi financial products and improve the renminbi yield curve in Hong Kong. The bills have a six-month (182-day) maturity, a fixed interest rate, and will be issued via a Dutch auction. This operation is part of a cooperation memorandum between the PBOC and the Hong Kong Monetary Authority. The bills will be settled on September 28, 2026, and mature on March 29, 2027.
Read sourcePBOC to Issue 60 Billion Yuan in Central Bank Bills in Hong Kong on September 23
The People's Bank of China (PBOC) announced on September 21 that it will issue the ninth tranche of central bank bills for 2026 in Hong Kong on Wednesday, September 23, 2026. The issuance aims to enrich high-credit-rating RMB financial products in Hong Kong and improve the RMB yield curve in the region. The bills have a tenor of six months (182 days), are fixed-rate coupon bonds with principal and interest paid at maturity, and have an issuance volume of 60 billion yuan. The accrual start date is September 28, 2026, and the maturity date is March 29, 2027, subject to postponement if it falls on a holiday. The face value is 100 yuan per unit. The bills will be issued via a Dutch auction method, with the bidding target being the interest rate. The tender will be conducted through the Bond Tender Platform of the Central Moneymarkets Unit (CMU) operated by the Hong Kong Monetary Authority.
Read sourcePeople's Bank of China to Issue Ninth Tranche of 2026 Central Bank Bills on September 23
The People's Bank of China (PBOC) has announced that it will issue the ninth tranche of central bank bills for the year 2026 on Wednesday, September 23, 2026. The issuance will be conducted through a tender on the bond bidding platform of the Central Moneymarkets Unit (CMU), which is operated by the Hong Kong Monetary Authority (HKMA). This operation is part of the PBOC's regular schedule for issuing central bank bills in Hong Kong, which are used to manage liquidity and influence offshore renminbi (CNH) market conditions. The announcement provides a specific date and mechanism for the upcoming issuance, confirming the continuation of the PBOC's offshore bill issuance program.