China News Service, Beijing, January 30 (Reporter Wei Xi) The People's Bank of China announced on the 30th that it will issue RMB 20 billion in central bank notes through the Hong Kong Monetary Authority.

Data picture: People's Bank of China. China News Service released by Yang Mingjing Photo source: CNSPHOTO
The People's Bank of China said on the same day that in order to enrich Hong Kong's high-credit RMB financial products and improve the Hong Kong RMB yield curve, according to the "Memorandum of Cooperation on the Issuance of People's Bank of China's Notes by the People's Bank of China and the Hong Kong Financial Authority " signed by the People's Bank of China and the Hong Kong Financial Authority , the first and second central bank notes will be issued through the Hong Kong Financial Authority Debt Instruments Central Settlement System (CMU) bond bidding platform on February 13.
The first central bank bills are subject to a term of 3 months (91 days), and are fixed interest-bearing bonds, with principal and interest repayment upon maturity, with an issuance of RMB 10 billion.
The term of the second central bank bill is 1 year, and it is a fixed interest rate interest-bearing bond. Interest payment is paid every six months, with an issuance of RMB 10 billion.
The face value of the above two central bank bills is RMB 100, and is issued by Dutch-style bidding method, and the bidding bid is the interest rate. (End)