(Yicai Global) June 23 -- The People's Bank of China today sold CNY10 billion (USD1.4 billion) worth of six-month bills in Hong Kong, the world’s biggest offshore Chinese yuan clearing center.

With a 2.21 percent yield, the bill auction attracted many overseas investors and was oversubscribed by almost three and a half times, the central bank announced.

The PBOC has been issuing yuan-based central bank bills in Hong Kong since November 2018. As of today, there were CNY80 billion (USD11.3 billion) such bonds yet to mature in the special administrative region, it added.

Editor: Kim Taylor