中国人民银行12月18日发布公告，为丰富香港高信用等级人民币金融产品，完善香港人民币收益率 曲线，根据中国人民银行与香港金融管理局签署的《关于使用债务工具中央结算系统发行中国人民银行 票据的合作备忘录》，12月22日，中国人民银行将通过香港金融管理局债务工具中央结算系统 （CMU）债券投标平台，招标发行2025年第十期中央银行票据。 第十期中央银行票据面值为人民币100元，采用荷兰式招标方式发行，招标标的为利率。 责任编辑：杨喜亭 第十期中央银行票据期限6个月（182天），为固定利率附息债券，到期还本付息，发行量为人民币 400亿元，起息日为2025年12月24日，到期日为2026年6月24日，到期日遇节假日顺延。 ...

钛媒体App 12月18日消息，为丰富香港高信用等级人民币金融产品，完善香港人民币收益率曲线，根据 中国人民银行与香港金融管理局签署的《关于使用债务工具中央结算系统发行中国人民银行票据的合作 备忘录》，2025年12月22日（周一）中国人民银行将通过香港金融管理局债务工具中央结算系统 （CMU）债券投标平台，招标发行2025年第十期中央银行票据。第十期中央银行票据期限6个月（182 天），为固定利率附息债券，到期还本付息，发行量为人民币400亿元，起息日为2025年12月24日，到 期日为2026年6月24日，到期日遇节假日顺延。第十期中央银行票据面值为人民币100元，采用荷兰式招 标方式发行，招标标的为利率。（央行官网） ...

Core Viewpoint - The People's Bank of China (PBOC) is set to issue the eighth and ninth phases of central bank bills in Hong Kong to enhance the availability of high-credit-rated RMB financial products and improve the RMB yield curve in Hong Kong [3]. Group 1: Central Bank Bills Issuance - The eighth phase of central bank bills will have a term of 3 months (91 days), with a fixed interest rate, a total issuance amount of RMB 30 billion, and will mature on February 25, 2026 [3]. - The ninth phase of central bank bills will have a term of 1 year, also with a fixed interest rate, a total issuance amount of RMB 15 billion, and will mature on November 26, 2026 [3]. - Both phases of the central bank bills will have a face value of RMB 100 and will be issued through a Dutch auction method, with the bidding subject being the interest rate [3].

Core Points - The People's Bank of China (PBOC) will issue the eighth and ninth phases of central bank bills on November 24, 2025, to enhance the availability of high-credit-quality RMB financial products in Hong Kong [1] - The eighth phase of the central bank bill has a term of 3 months (91 days) with a total issuance of RMB 30 billion, maturing on February 25, 2026 [1] - The ninth phase of the central bank bill has a term of 1 year with a total issuance of RMB 15 billion, maturing on November 26, 2026 [1] Summary by Category Issuance Details - The eighth phase of the central bank bill will have a fixed interest rate, with principal and interest paid at maturity [1] - The ninth phase will also have a fixed interest rate, with interest paid semi-annually [1] - Both bills will have a face value of RMB 100 and will be issued through a Dutch auction method, with the bidding subject being the interest rate [1] Purpose and Context - The issuance aims to improve the RMB yield curve in Hong Kong, as part of a collaboration between the PBOC and the Hong Kong Monetary Authority [1]

Core Viewpoint - The People's Bank of China announced the issuance of two new central bank bills through the Hong Kong Monetary Authority's debt instrument central settlement system, scheduled for November 24, 2025 [1] Group 1: Issuance Details - The eighth issue of central bank bills will have a term of 3 months (91 days), with a fixed interest rate and a total issuance amount of 30 billion RMB, starting from November 26, 2025, and maturing on February 25, 2026 [1] - The ninth issue of central bank bills will have a term of 1 year, also with a fixed interest rate, and a total issuance amount of 15 billion RMB, starting from November 26, 2025, and maturing on November 26, 2026 [1] - Both issues will have a face value of 100 RMB and will be issued using a Dutch auction method, with the bidding subject being the interest rate [1]

Core Points - The People's Bank of China (PBOC) will issue the fifth and sixth phases of central bank bills on August 25 through the Hong Kong Monetary Authority's debt instrument central settlement system [1] Group 1: Central Bank Bills Issuance - The fifth phase of central bank bills has a term of 3 months (91 days), with a fixed interest rate and a total issuance amount of 30 billion RMB [1] - The maturity date for the fifth phase is November 26, 2025, with interest starting from August 27, 2025 [1] - The sixth phase of central bank bills has a term of 1 year, with a total issuance amount of 15 billion RMB and interest paid semi-annually [1] - The maturity date for the sixth phase is August 27, 2026, with interest starting from August 27, 2025 [1] Group 2: Auction Details - Both phases of the central bank bills have a face value of 100 RMB and will be issued using a Dutch auction method [1] - The auction targets the interest rate for the bills [1]

Core Viewpoint - The People's Bank of China (PBOC) is set to issue two new central bank bills in Hong Kong to enhance the availability of high-credit-rated RMB financial products and improve the RMB yield curve [1] Group 1: Central Bank Bills Issuance - The PBOC will issue the fifth and sixth phases of central bank bills on August 25, 2025, through the Hong Kong Monetary Authority's debt instrument central settlement system [1] - The fifth phase of the central bank bill has a term of 3 months (91 days), with a fixed interest rate and a total issuance amount of RMB 30 billion [1] - The sixth phase of the central bank bill has a term of 1 year, also with a fixed interest rate, and a total issuance amount of RMB 15 billion [1] Group 2: Bill Details - The fifth phase will have an interest start date of August 27, 2025, and a maturity date of November 26, 2025, with the maturity date adjusted for holidays [1] - The sixth phase will have an interest start date of August 27, 2025, and a maturity date of August 27, 2026, also adjusted for holidays [1] - Both phases of the central bank bills will have a face value of RMB 100 and will be issued using a Dutch auction method, with the bidding subject being the interest rate [1]

Core Viewpoint - The People's Bank of China (PBOC) is set to issue central bank bills through the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) on August 25, 2023, as part of a collaboration memorandum signed between the two institutions [1] Group 1: Central Bank Bills Issuance - The fifth issue of central bank bills will have a term of 3 months (91 days) with a fixed interest rate, and the total issuance amount will be 30 billion yuan [1] - The sixth issue of central bank bills will have a term of 1 year, also with a fixed interest rate, and will pay interest semi-annually, with a total issuance amount of 15 billion yuan [1]

Group 1 - The People's Bank of China (PBOC) will issue the fourth phase of central bank bills on June 18, 2025, through the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) bond bidding platform [1]