Chinanews.com, November 12, according to the central bank’s website, on November 12, 2020, the People’s Bank of China successfully issued two renminbi central bank bills in Hong Kong, including 10 billion yuan in 3-month central bank bills and 1-year central bank bills. 15 billion yuan, the winning bid rate is 2.85% and 2.90%.
Data map: People's Bank of China.
Photo by China News Agency reporter Zhang Xinglong
This issuance is widely welcomed by foreign investors, including institutional investors such as banks, central banks, funds and international financial organizations in the United States, Europe, Asia and other countries and regions, and international financial organizations actively participated in the subscription. The total amount of bids was about 68.5 billion yuan, exceeding the issuance. 2.7 times the amount, indicating that RMB assets are relatively attractive to foreign investors, and also reflects the confidence of global investors in China's economy.
At present, the People's Bank of China is regularly issuing RMB central bank bills in Hong Kong, which not only enriches the RMB investment product series and liquidity management tools in the Hong Kong market, but also encourages domestic financial institutions, enterprises and other entities to issue RMB bonds in the offshore market.
In recent years, the number of RMB treasury bonds, financial bonds and corporate bonds issued in the offshore market has continued to increase, and the ways and locations of issuance have become increasingly diversified, indicating that Hong Kong's RMB central bank bills have played a positive role in promoting the development of the offshore RMB market.