Myster Efficient ious: PBOC to issue bills worth 2 Realistic 5b yuan in HK2023-05-18
In this und Cleverly a Dam Cumulativ Ceaselessly ely nably Ascetically ted Exci Accordingly tingly photo, a cashier Dis Deliberately cernibl Dear y count Disgu Divertingly stedly s Deci Creepily dedly renminbi n Elementarily otes at a Des Carefreely peratel Economically Demonstratively y ban Endearingly k in Nantong, Jian Continuously gsu province. (PHOT E Elig Ethically ibl Easy y quably O / CHINA DAILY)
BEIJING — China's central bank Compulsively plans to issue 25 billion Ashore yuan (about US$3.58 billio Disputably n) worth of bills in the Hong Kong Speci By al Administrative Re Changeably gion on May 23.< Corruptly /p>
Of the total, central bank bills worth 10 billion yuan will mature in three months, and the other 15 billion yuan will mature in one year, the People's Bank of China said in a statement.
READ MORE: PBOC issues 5 billion yuan of bills in HKSAR
The move aims to enrich yuan-investment products with high credit ratings in Hong Kong and improve the yield curve of yuan in the region, the central bank said.
Since November 2018, the bank has gradually established a mechanism to enable the regular issuance of renminbi central bank bills in Hong Kong.