BEIJING, Sept. 26 -- The People's Bank of China (PBOC) on Thursday issued a total of 10 billion yuan (about 1.4 billion U.S. dollars) of central bank bills in Hong Kong.
The bills will mature in six months, with the bid interest rate at 2.89 percent, the PBOC said in an online statement.
The issuance was well received by investors in the offshore market, with the total bid amount exceeding 36 billion yuan, the PBOC said.
Since November last year, the PBOC has issued 130 billion yuan of such bills in Hong Kong and established a regular mechanism of issuing central bank bills in the region.
The move helps to expand the range of yuan-denominated financial products with high credit ratings in Hong Kong, offer more yuan liquidity management tools, and improve the yield curve of yuan bonds in Hong Kong, according to the PBOC.
The issuance also fosters the development of offshore yuan monetary market and yuan bond market, and promotes yuan internationalization, it added.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses
