China News Service, December 23. According to the website of the central bank, on December 23, 2020, the People's Bank of China successfully issued 10 billion yuan of 6-month central bank bills in Hong Kong, with the winning interest rate of 2.70%.
This issuance is widely welcomed by foreign investors, including institutional investors such as banks, central banks, funds and other countries and regions in the United States, Europe, Asia and other countries and regions, as well as international financial organizations actively participating in the subscription. Three times the amount indicates that RMB assets have a strong appeal 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 drives 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 been increasing, 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.