Updated: PBoC again opts for curious timing with third bills issuance

Rebecca Feng

May 08, 2019 10:15 am

RMB bank note 230 x 150 — Nov. 13, 2015 - Beijing, Beijing, China - New version of the RMB won the favor of rural on 13th November,2015 in Chongqing,China. (Credit Image: © Tpg via ZUMA Press) | Tpg/Zuma Press/PA Images

The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

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Rebecca Feng