The Trader 

Market Outlook: China to sell bills in Hong Kong

The Trader

This morning Reuters reports that the People’s Bank of China announced that, for the first time ever, it will issue yuan-denominated Treasury bills from Hong Kong; a tranche of 10 billion yuan ($2.44 billion) with a three-month maturity and another 10 billion maturing in a year’s time. The ex-colony is the world’s biggest off-shore yuan clearing centre and the move aims to expand the range of top-rated products available, and the ability to control the shape of the yield curve.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now