HKMA Announces Tender Results of People’s Bank of China RMB Bills
The Hong Kong Monetary Authority (HKMA) has released the results of the tenders for the RMB Bills issued by the People’s Bank of China (PBoC) held on 22 May 2024, as stated in a press release on HKMA’s official website.
The tender offered three-month RMB Bills, as part of the joint effort by PBoC and HKMA to support the RMB offshore market’s growth.
Specifics about the issuer and details of the tender were not revealed in the press release, aligning with HKMA’s dedication to transparency and upholding a strong financial system in Hong Kong.
Being Hong Kong’s central banking institution, HKMA collaborates frequently with the PBoC to ensure currency stability and enhance financial infrastructure.
RMB Bills tender is a tool used by both institutions to regulate liquidity in the offshore RMB market in Hong Kong, offering additional investment opportunities for RMB funds.
HKMA continues its partnership with PBoC to foster the healthy progress and smooth operation of the RMB offshore market, contributing to RMB internationalization.
For more insights on the tender results, interested parties can refer to the HKMA website.
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