China's central bank to issue 5 bln yuan of bills in Hong Kong

Xinhua
16 Mar 2023, 15:55 GMT+10

BEIJING, March 16 (Xinhua) -- China's central bank plans to issue 5 billion yuan (about 723 million U.S. dollars) worth of bills in Hong Kong next Tuesday.

The central bank bills will be issued with a maturity of six months, or 182 days, the People's Bank of China said in a statement.

The move aims to enrich yuan-investment products with high credit ratings in Hong Kong and improve the yield curve of yuan in the region, the central bank said.

Since November 2018, the bank has established a standard mechanism for issuing central bank bills in Hong Kong.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.

More Information

25 ℃

Mostly Cloudy in Shanghai/Hongqiao

International

Section

Five receive death sentence for allegedly killing six police officers two years ago

YANGON, Myanmar - A regime court sentenced to death five people detained for their alleged involvement in a deadly August ...

Connecticut governor to sign strict gun measure

HARTFORD, Connecticut: Following a state Senate debate and vote to approve Connecticut's most comprehensive gun legislation since the laws put ...

160-year-old Mass. church called 'total loss" after lightning strike

SPENCER, Massachusetts: Spencer, Massachusetts Fire Chief Robert Parsons has said that a June 2 fire that burned down a 160-year-old ...

Russia says journalists from 'unfriendly' country cannot cover forum

MOSCOW, Russia: Journalists from countries that are "unfriendly" to Russia will be banned from covering this year's St. Petersburg International ...

Experts teach California owners how to burn fields to stop wildfires

SAN FRANCISCO, California: Landowners in California participated this week in a class organized by the El Dorado Amador Prescribed Burn ...

Palestinian boy, 2, dies in hospital after being shot by Israeli army snipers

RAMALLAH, Wet Bank - A two-and-a-half-year-old Palestinian boy shot in the head by Israeli troops has died in hospitalThe boy, ...

Asia Business

Section