SMM News: on June 26, the people's Bank of China successfully issued two issues of RMB central bank bills in Hong Kong, including one-month central bank bills of 20 billion yuan and six-month central bank bills of 10 billion yuan, with winning interest rates of 2.80 per cent and 2.82 per cent, respectively. This is the first time that the people's Bank of China has issued one-month and six-month RMB central bank bills in Hong Kong. Investors in the offshore market are actively subscribing, with a total tender amount of more than 85 billion yuan. The main subscribers include commercial banks, funds, investment banks, central banks, international financial organizations and other institutions.
On June 26, the people's Bank of China successfully issued two issues of RMB central bank bills in Hong Kong, including one-month central bank bills of 20 billion yuan and six-month central bank bills of 10 billion yuan, with winning rates of 2.80 per cent and 2.82 per cent, respectively. This is the first time that the people's Bank of China has issued one-month and six-month RMB central bank bills in Hong Kong. Investors in the offshore market are actively subscribing, with a total tender amount of more than 85 billion yuan. The main subscribers include commercial banks, funds, investment banks, central banks, international financial organizations and other institutions.
The successful issuance of one-month and six-month RMB central bank bills in Hong Kong has not only enriched the range of high-credit RMB investment products and RMB liquidity management tools in the Hong Kong market, but also met the market demand. It is also conducive to the formation of a more perfect yield curve of RMB bonds in Hong Kong and helps to promote the internationalization of the RMB.

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