Money
PBOC to Issue ¥60 Billion in Bills via Hong Kong
The People’s Bank of China will issue ¥60 billion in central bank bills through Hong Kong on September 23 to manage offshore liquidity.
September 21, 2026, 04:40 AM·Crypto Briefing

The People’s Bank of China will issue ¥60 billion in central bank bills through Hong Kong on September 23 to manage offshore liquidity.

The People’s Bank of China has kept its one-year and five-year benchmark lending rates at 3.00% and 3.50% respectively, marking 16 months of unchanged monetary policy.

The People’s Bank of China injected ¥32 billion into the financial system via 7-day reverse repos, keeping the policy rate steady at 1.40%.

PBOC adviser Huang Yiping warns that rapid AI deployment may exacerbate China's structural economic imbalance between industrial production and domestic consumption.

China's gold reserves reached a valuation of $350.08 billion by the end of August following a record 21-month buying streak.
