Central bank to issue RMB notes in Hong Kong in the near future-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • MMi Iron Ore Port Index
  • Copper scrap
  • Rare earth
  • Copper
  • Aluminium
  • Aluminum
  • Morning comments
  • Evening comments
  • Futures movement
  • price forecast
  • VAT
  • Market commentary
  • Environmental protection drive

Central bank to issue RMB notes in Hong Kong in the near future

Translation 08:24:57AM May 22, 2019 Source:Securities Daily

SMM News: on May 21, the central bank official Weibo released news that the people's Bank of China will issue RMB central bank bills in Hong Kong again in the near future. This comes just a week after the last time the central bank announced the successful issuance of 20 billion yuan notes in Hong Kong, China.

The people's Bank of China (PBOC) has successfully issued two issues of RMB central bank bills in Hong Kong, including 10 billion yuan each for three months and one year, with winning rates of 3.00 per cent and 3.10 per cent, respectively, according to the central bank's website on May 15. according to the official website of the central bank, the people's Bank of China has successfully issued two issues of RMB central bank bills in Hong Kong.

This is the third time that the central bank has issued RMB central bank bills through the (CMU) Bond Tender platform of the Hong Kong Monetary Authority (HKMA) Central Clearing Unit (CMU), following last November 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 enriched the high credit rating RMB investment product line and RMB liquidity management tools in the Hong Kong market in China, and met the market demand. It is also conducive to improving the yield curve of RMB bonds in Hong Kong and promoting the internationalization of the RMB.

Central bank to issue RMB notes in Hong Kong in the near future

Translation 08:24:57AM May 22, 2019 Source:Securities Daily

SMM News: on May 21, the central bank official Weibo released news that the people's Bank of China will issue RMB central bank bills in Hong Kong again in the near future. This comes just a week after the last time the central bank announced the successful issuance of 20 billion yuan notes in Hong Kong, China.

The people's Bank of China (PBOC) has successfully issued two issues of RMB central bank bills in Hong Kong, including 10 billion yuan each for three months and one year, with winning rates of 3.00 per cent and 3.10 per cent, respectively, according to the central bank's website on May 15. according to the official website of the central bank, the people's Bank of China has successfully issued two issues of RMB central bank bills in Hong Kong.

This is the third time that the central bank has issued RMB central bank bills through the (CMU) Bond Tender platform of the Hong Kong Monetary Authority (HKMA) Central Clearing Unit (CMU), following last November 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 enriched the high credit rating RMB investment product line and RMB liquidity management tools in the Hong Kong market in China, and met the market demand. It is also conducive to improving the yield curve of RMB bonds in Hong Kong and promoting the internationalization of the RMB.