PBOC to Continue Regular Issuance of Central Bank Bills, Supports Expanded Offshore Renminbi Bond Offerings on July 15

According to Xie Guangqi, director of the Monetary Policy Department at the People's Bank of China, speaking at a State Council Information Office press conference on July 15, the central bank will continue regular issuance of central bank bills and support the Finance Ministry in expanding offshore renminbi government bond offerings, extending maturity terms, and increasing supply of quality assets to attract sovereign institutions, financial institutions, and multinational enterprises to issue renminbi-denominated bonds.
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