Chinese central bank said that it will issue yuan-denominated bills in Hong Kong for the second time to improve the yield curve and enrich yuan-denominated financial products in the offshore market.
The People’s Bank of China (PBOC) said it will issued 20 billion yuan bills in Hong Kong on February 13th, including 10 billion yuan 3-month bills and 10 billion yuan 1-year bills, according to the bank's statement released on Wednesday.
The move is viewed as a way for the central bank to manage yuan’s liquidity in the offshore market, which means, it . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In