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According to the website of the People’s Bank of China, on March 21, the People’s Bank of China successfully issued RMB 5 billion 6-month central bank bills in Hong Kong, with an interest rate of 2.20%.
The issuance was widely welcomed by foreign investors. The total amount of bids was about 30.2 billion yuan, more than 6 times the issuance amount, indicating that RMB assets are more attractive to foreign investors, and it also reflects the confidence of global investors in China’s economy .
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The People’s Bank of China stated that the normalization of the issuance of RMB central bank bills in Hong Kong has played a positive role in promoting the development of the offshore RMB market.
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