(Yicai Global) Dec. 23 -- China’s central bank released six-month Chinese yuan-denominated central bank bills worth CNY10 billion (USD1.5 billion) in Hong Kong today at an interest rate of 2.7 percent.

The issuance attracted bids of CNY30 billion from overseas investors, an oversubscription ratio of three times, the People’s Bank of China said.

The PBOC is issuing yuan bonds in the special administrative region to directly adjust liquidity in the Hong Kong offshore yuan market, market insiders said previously. This is the 12th such issuance since November 2018, bringing the total to CNY155 billion (USD23.7 billion).

Editor: Kim Taylor