Just after 12:00 in the afternoon, the people's Bank of China issued an announcement saying that on May 15, the people's Bank of China successfully issued two batches of RMB central bank bills in Hong Kong, including 10 billion yuan each for three months and one year. The winning interest rates were 3.00 per cent and 3.10 per cent, respectively. This is the third time that the people's Bank of China has issued RMB central bank bills through the (CMU) Bond Tender platform of the HKMA Central Clearing system since November last year and February this year. The total amount of bids for the issue exceeded 100 billion yuan, including commercial banks, funds, investment banks, central banks, international financial organizations and other offshore market investors.

The central bank said that the continuous successful issuance of RMB central bank bills in Hong Kong has not only enriched the range of high credit rating RMB investment products and RMB liquidity management tools in the Hong Kong market, but also met market demand. It is also conducive to improving the yield curve of RMB bonds in Hong Kong and promoting the internationalization of the RMB.

The central bank is a new tool for the central bank to stabilize the exchange rate market. This is the third time that the central bank has issued a central note in the offshore RMB market in order to recover too much RMB from overseas in order to maintain the stability of the RMB exchange rate. The offshore yuan has fallen six straight points after May 6, falling more than 1700 points, giving confidence to those who short the yuan in the market. Prior to this, on two occasions when international short sellers were about to break seven, they failed and failed. This time, the central bank arranged ahead of schedule and issued central bank tickets to withdraw excess renminbi, demonstrating the central bank's determination to break down renminbi short positions. The RMB exchange rate is bound to stop its decline under the maintenance of the central bank.