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Wednesday, June 19, 2019, 14:28
PBOC to issue 30 billion-yuan bills in Hong Kong
By Xinhua
Wednesday, June 19, 2019, 14:28 By Xinhua

BEIJING — The People's Bank of China (PBOC) said Wednesday that it will issue central bank bills worth 30 billion yuan (US$2.9 billion) in Hong Kong on June 26.

The issuance includes 20-billion-yuan one-month central bank bills and 10-billion-yuan six-month bills, according to a brief statement on the PBOC's website.

The move, which is aimed at improving the yuan yield curve in Hong Kong, follows three rounds of such issuances since November last year.

ALSO READ: PBOC issues 20 billion yuan bills in HKSAR

To help expand the range of yuan-denominated financial products with high credit ratings in the region, the PBOC first issued bills in Hong Kong in November 2018 when 20 billion yuan was raised.

It issued the same amount of bills in February and May this year.

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