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CHINA PRESS: PBOC Plans To Increase Offshore Central Bank Bills - Sources

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

The People’s Bank of China plans to issue additional offshore central bank bills in Hong Kong in January, so to increase the supply and meet the strong demand for high-grade yuan bonds from overseas investors, Yicai.com reported citing sources close to the PBOC. The scale is expected to far exceed the largest single issuance in the past, and the timing also shows the PBOC’s determination to maintain a stable exchange rate, the newspaper said. 

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The People’s Bank of China plans to issue additional offshore central bank bills in Hong Kong in January, so to increase the supply and meet the strong demand for high-grade yuan bonds from overseas investors, Yicai.com reported citing sources close to the PBOC. The scale is expected to far exceed the largest single issuance in the past, and the timing also shows the PBOC’s determination to maintain a stable exchange rate, the newspaper said.