According to the People's Bank of China website, on November 7, the People's Bank of China successfully issued two RMB central bank note issues in Hong Kong, including 3 months of central bank accounts of 20 billion yuan and 1 year of central bank accounts of 10 billion yuan. The winning bid rate is 2.90%. The issue was well received by the market. The total bid amount exceeded RMB 64 billion, which represented 2.1 times the circulation. The main body of the signature included commercial banks, central banks, international finance organizations, funds and other offshore investors covering Europe and the United States. Many countries and regions like Asia.
The issue coincides with the first anniversary of the issuance of RMB central bank notes in Hong Kong. Since November 2018, the People's Bank of China has issued 13 and 160 billion yuan of central bank accounts in Hong Kong, with a growing range of maturities, and has gradually established a normal mechanism for issuing central bank accounts in Hong Kong. . The issuance of RMB central bank accounts in Hong Kong is conducive to enriching the liquidity and RMB management tools of high credit rating and RMB investment products in the Hong Kong market, meeting the needs of offshore investors, improving the RMB offshore yield curve and leading other issuers to issue RMB in the offshore market. Bonds promote the development of the offshore RMB bond market and the internationalization of RMB.
Editing Peng Qihang
Source: People's Bank of China
Original title: Central Bank successfully issued 30 billion yuan of central bank accounts in Hong Kong