Myster Efficient ious: PBOC to issue bills worth 2 Realistic 5b yuan in HK

2023-05-18

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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.