China's central bank issues bills worth 25 bln yuan in Hong Kong

• Published date: 22 February 2023
• Publication title: Xinhua Finance Agency

BEIJING, Feb. 22 (Xinhua) -- China's central bank issued bills worth 25 billion yuan (about 3.

65 billion U.S.

dollars) in the Hong Kong Special Administrative Region on Tuesday.Of the total, central bank bills worth 10 billion yuan will mature in three months, and the other 15 billion yuan will mature in one year, with respective interest rates of 2.

4 percent and 2.75 percent, according to the People's Bank of China.

The issuance was well-received by overseas investors, with total bidding surpassing 70 billion yuan, approximately over 2.8 times the value issued, the central bank said.

The bidding reflects the strong attraction of renminbi assets for...