The central bank: On February 25th, it will issue a public bid for the first and second series of central bank bills for 2026 through the Hong Kong Monetary Authority's debt instrument Central Clearing System bond tender platform.

The People's Bank of China issued an announcement to enrich the range of high credit rating RMB financial products in Hong Kong and improve the RMB yield curve in Hong Kong. According to the cooperation memorandum signed between the People's Bank of China and the Hong Kong Monetary Authority on the use of the Central Securities Clearing System for issuing PBC bills, on February 25, 2026, the People's Bank of China will issue the first and second series of central bank bills for the year 2026 through the debt instrument central clearing system bond bidding platform of the Hong Kong Monetary Authority. The first series of central bank bills will have a term of 3 months, with a fixed rate interest-bearing bond that pays back principal and interest at maturity. The issuance amount is 30 billion RMB, with an interest start date of February 27, 2026, and a maturity date of May 29, 2026, with an extension for holidays. The second series of central bank bills will have a term of 1 year, with a fixed rate interest-bearing bond that pays interest every six months. The issuance amount is 20 billion RMB, with an interest start date of February 27, 2026, and a maturity date of February 27, 2027, with an extension for holidays.