China: Central bank conducts USD3.87b of bills in Hong Kong
Date
2/20/2021 4:04:15 AM
(MENAFN)China's central bank conducted 25 billion Yuan (about USD3.87 billion) worth of bills in Hong Kong on Friday, February 19.
According to the People's Bank of China (PBOC), along with the total, 10 billion Yuan worth of bills will mature in three months, and 15 billion Yuan of bills will develop in 12 months, with the individual interest rates reaching 2.7 percent and 2.74 percent.
The issuance was well-accepted by shareholders in the offshore marketplaces, with the total bid amount hitting about 76 billion yuan, more than three times the amount in flow, the PBOC declared.
This shows the sturdy attractiveness of renminbi assets for abroad investors, in addition to the confidence of international investors in the Chinese financial system, the PBOC added.
MENAFN20022021000045011134ID1101631103
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.