PBoC to issue record amount of bills in Hong Kong
Central bank to auction 60 billion yuan of bills in territory amid weakening renminbi
The People’s Bank of China (PBoC) will issue a record amount of central bank bills in Hong Kong next week, in a move analysts say is aimed at supporting the yuan.
In a notice on the website of the Hong Kong Monetary Authority (HKMA), the PBoC said today (January 9) that it would auction 60 billion yuan ($8.18 billion) of six-month renminbi bills through the authority’s Central Moneymarkets Unit on January 15.
The issuance will be the largest since the central bank started regular bill auctions in
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