China to Issue Central Bank Bills in Hong Kong
PBOC to issue 60b yuan central bank bills in Hong Kong
The People's Bank of China will issue central bank bills worth 60 billion yuan ($8.18 billion) in Hong Kong on Jan 15, which experts said sends a policy signal of strengthening offshore renminbi liquidity management and stabilizing the yuan exchange rate.
At the beginning of 2025, the exchange rates of the yuan have undergone notable fluctuations, drawing significant attention.
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