China's central bank to issue bills worth 50 bln yuan in Hong Kong

HONG KONG, Feb. 13 (Xinhua) -- The People's Bank of China, China's central bank, will issue 50 billion yuan (about 7.2 billion U.S. dollars) worth of yuan-denominated bills in Hong Kong, the Hong Kong Monetary Authority (HKMA) said on Friday.

The bills, offered through competitive tender, will comprise 30 billion yuan in three-month bills and 20 billion yuan in one-year bills, according to the HKMA.

Tende