BEIJING, Aug. 14 (Xinhua) -- The People's Bank of China (PBOC) said Thursday it has issued a total of 30 billion yuan of bills in Hong Kong.
The issuance includes 20 billion yuan of three-month bills and 10 billion yuan of one-year bills, both at interest rates of 2.7 percent, according to the PBOC.
The issuance was well received by investors in the offshore market, with the total bid amount staying at about 62.4 billion yuan, the PBOC announced on its website.
Since November in 2018, the PBOC has gradually established a normal mechanism of issuing central bank bills in Hong Kong, said the bank.
The move helps to enrich yuan-investment products with high credit ratings in Hong Kong, offer more yuan liquidity management tools, meet the demands from offshore investors, improve the yield curve of yuan bonds in Hong Kong and advance yuan internationalization. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
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