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 . . .
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