PBOC to issue 30-bln-yuan bills in Hong Kong

BEIJING, Nov. 1 (Xinhua) - The People's Bank of China (PBOC) said Friday that it will issue 30 billion yuan (about 4.3 billion US dollars) of central bank bills in Hong Kong on Nov. 7.


(File photo: VCG)

Among the total, 20 billion yuan will mature in three months and 10 billion yuan will mature in a year, the PBOC said on its website.

To help expand the range of yuan-denominated financial products with high credit ratings in Hong Kong, the PBOC first issued such bills there in November 2018, raising 20 billion yuan.

It issued the same amount of bills in February, May, June and August this year.