Wire flash
PBOC Issues 60B Yuan in 6-Month Central Bank Bills in Hong Kong at 1.37% Yield
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
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.
Source report
September 23 — The People's Bank of China (PBOC) issued 60 billion yuan worth of 6-month renminbi-denominated central bank bills in Hong Kong, with a winning bid rate of 1.37%.
Source
财联社Eastern
Part of this Story
PBOC issues 60 billion yuan in 6-month offshore bills in Hong Kong at 1.37% yield