CCTV News: According to the People's Bank of China, in order to enrich Hong Kong's high-credit RMB financial products and improve the Hong Kong RMB yield curve, according to the "Memorandum of Cooperation on the Issuance of People's Bank of China's Notes by the Central Settlement System of Debt Instruments" signed by the People's Bank of China and the Hong Kong Monetary Authority, on January 15, 2025 (Wednesday), the People's Bank of China will bid for the issuance of the first central bank notes in 2025 through the Hong Kong Monetary Authority's Debt Instruments Central Settlement System (CMU) bond bidding platform.

The term of the first central bank bill is 6 months (182 days), and is a fixed-rate interest-bearing bond. The principal and interest payment will be paid when maturing. The issuance volume is RMB 60 billion. The interest-starting date is January 17, 2025, and the maturity date will be July 18, 2025. The maturity date will be postponed when holidays are present.

The face value of the first central bank bill is RMB 100, and is issued by Dutch-style bidding, and the bidding bid is the interest rate.