Central Bank: Will tender and issue 45 billion yuan of central bank bills in Hong Kong on November 24th.

The announcement from the central bank states that on November 24, 2025, the People's Bank of China will issue the 8th and 9th series of central bank bills through the debt instrument central clearing system of the Hong Kong Monetary Authority. The 8th series of central bank bills have a maturity of 3 months, with a fixed rate coupon, and a total issuance of 30 billion RMB. The interest will start accruing on November 26, 2025, and the maturity date is February 25, 2026, with a holiday extension. The 9th series of central bank bills have a maturity of 1 year, with a fixed rate coupon payable semi-annually, and a total issuance of 15 billion RMB. The interest will start accruing on November 26, 2025, and the maturity date is November 26, 2026, with a holiday extension. Both series of central bank bills have a face value of 100 RMB and will be issued through a Dutch auction method with interest rates as the bidding target.