China News Agency, Beijing, August 20 (Reporter Xia Bin) The People's Bank of China successfully issued two renminbi central bank bills in Hong Kong on the 20th, of which 10 billion yuan (RMB, the same below) of 3-month central bank bills, one-year term The central bank bills were 15 billion yuan, and the winning interest rates were 2.60% and 2.75% respectively.
The central bank said that the issuance was widely welcomed by foreign investors, including institutional investors such as banks, central banks, funds, insurance companies and international financial organizations in many countries and regions such as the United States, Europe, and Asia, and international financial organizations actively participated in the subscription. About 73 billion yuan, more than 2.9 times the issuance volume, shows that RMB assets are highly attractive to foreign investors and also reflects the confidence of global investors in China's economy.
The central bank said that at present, its normalized issuance of RMB central bank bills in Hong Kong has not only enriched the RMB investment product series and liquidity management tools in the Hong Kong market, but also led other entities such as domestic financial institutions and enterprises 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.