央行：2月25日将在香港招标发行300亿元3个月期和200亿元1年期人民币央票

Core Viewpoint - The central bank will issue two phases of central bank notes on February 25, 2026, through the Hong Kong Monetary Authority's debt instrument central settlement system, with a total issuance of RMB 500 billion [1]. Group 1: Central Bank Notes Issuance - The first phase of central bank notes has a face value of RMB 100, a term of 3 months (91 days), and a total issuance amount of RMB 300 billion, with an interest start date of February 27, 2026, and a maturity date of May 29, 2026 [1]. - The second phase of central bank notes also has a face value of RMB 100, a term of 1 year, and a total issuance amount of RMB 200 billion, with an interest start date of February 27, 2026, and a maturity date of February 27, 2027 [1]. - Both phases of the central bank notes will be issued using a Dutch auction method, with fixed interest rates [1].