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PBOC Said to Issue New CNH Central Bank Bills in HK This Mth, w/ Largest Size of Single Issue
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In light of the recent robust demand for high-grade RMB bonds from overseas investors, the People's Bank of China (PBOC) plans to issue new CNH central bank bills in Hong Kong this month to increase the supply of high-grade RMB bonds in the offshore market, citing sources, China Business Network reported. It is anticipated that the size of the issue will be much larger than the largest single issuance in the past. Such move demonstrates the determination of the PBOC in stabilizing the exchange rate of the RMB. AAStocks Financial News |
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