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MNI: The PBOC is planning a new sale of offshore.....>

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MNI (London)
MNI: The PBOC is planning a new sale of offshore yuan bonds, just one week after
it sold CNY20 billion of bills in Hong Kong on May 15, the Securities Daily said
citing a statement on the PBOC's Weibo account. Ongoing issuance of central bank
bills not only enriches yuan products in the Hong Kong market and adds a
liquidity management tool, but also helps to improve Hong Kong's yuan bond yield
curve and promote yuan internationalization, the PBOC's statement said.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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