BEIJING/SHANGHAI: China's central bank sold some yuan bills in Hong Kong at a record-high coupon rate on Tuesday, driven up by liquidity tightness in Asia's key financial hub at a time the Chinese authorities are stepping up efforts to stem rapid yuan declines.
The People's Bank of China (PBOC) sold 15 billion yuan ($2.06 billion) worth of six-month yuan-denominated bills in Hong Kong at 3.38%, the Hong Kong Monetary Authority (HKMA) said in a statement.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
