Result of tenders of People's Bank of China RMB Bills held on February 25, 2026
The following is issued on behalf of the Hong Kong Monetary Authority:
Result of the tenders of the People's Bank of China RMB Bills held on February 25, 2026
Tender Result |
************************************************************************* |
Tender Date |
: |
February 25, 2026 |
Bills available for Tender |
: |
Three-Month RMB Bills |
Issuer |
: |
The People's Bank of China |
Issue Number |
: |
BCHKFP26005 |
Issue Date |
: |
February 27, 2026 |
Maturity Date |
: |
May 29, 2026 (or the closest coupon payment date) |
Application Amount |
: |
RMB 71,574 million |
Issue Amount |
: |
RMB 30,000 million |
Average accepted Coupon Rate |
: |
1.41per cent |
Highest accepted Coupon Rate
(Bills' Coupon) |
: |
1.53per cent |
Lowest accepted Coupon Rate |
: |
1.30per cent |
Allocation Ratio (At Highest accepted Coupon Rate) |
: |
Approximately 9.00per cent |
************************************************************************* |
Tender Date |
: |
February 25, 2026 |
Bills available for Tender |
: |
One-Year RMB Bills |
Issuer |
: |
The People's Bank of China |
Issue Number |
: |
BCHKFP26006 |
Issue Date |
: |
February 27, 2026 |
Maturity Date |
: |
February 27, 2027 (or the closest coupon payment date) |
Application Amount |
: |
RMB 60,720 million |
Issue Amount |
: |
RMB 20,000 million |
Average accepted Coupon Rate |
: |
1.42per cent |
Highest accepted Coupon Rate
(Bills' Coupon) |
: |
1.47per cent |
Lowest accepted Coupon Rate |
: |
1.35per cent |
Allocation Ratio (At Highest accepted Coupon Rate) |
: |
Approximately 57.14per cent |
Source: AI-found images
Budget Speech by the Financial Secretary (6)
International Legal and Dispute Resolution Services Centre
International Legal Hub
153. The Department of Justice (DoJ) is preparing for the development of the Hong Kong International Legal Service Building as a new landmark of international legal hub, which will be home to the headquarters of the Hong Kong International Legal Talents Training Academy and international legal and dispute resolution services institutions, etc. The preparatory works will commence this year.
154. The DoJ will continue attracting international legal and dispute resolution services institutions to establish offices in Hong Kong. Amongst them, the International Institute for the Unification of Private Law (UNIDROIT) will establish its Asia-Pacific Liaison Office in Hong Kong this year.
Strengthen the Promotion of Mediation and Arbitration Services
155. The Government will strengthen the regulatory framework for accreditation and disciplinary matters of the mediation profession in Hong Kong, and will take forward the legislative exercise this year.
Develop a Sports Dispute Resolution System
156. We have launched the Pilot Scheme on Sports Dispute Resolution to advance Hong Kong's development as an international centre for sports dispute resolution.
Strengthen Professional Collaboration
157. The Hong Kong Professional Services GoGlobal Platform initiated by the DoJ was officially launched at the end of last year to collaborate with our professional services sectors in supporting Mainland enterprises to go global with Hong Kong as their preferred platform.
Regional Intellectual Property Trading Centre
158. Hong Kong is actively fulfilling its role as a regional intellectual property (IP) trading centre. We will refine the associated tax regime and institutional framework, nurture talents, leverage our strengths in professional services, with a view to boosting economic development through driving IP trading and financing.
Tax Deduction Arrangements
159. We are consulting the trade on tax deduction arrangements for capital expenditure incurred for purchasing IP or the rights to use IP. We plan to introduce an amendment bill this year. Reducing cost will facilitate more relevant trading activities, which would be conducive to the development of knowledge-intensive industries and could reinforce Hong Kong's position as a regional IP trading centre.
Intellectual Property Financing Sandbox
160. The IP Financing Sandbox was launched at the end of last year, with three major Hong Kong banks and their customers from the biotechnology, electronics and technology sectors, as well as legal and professional services organisations participating in the pilot project. The Commerce and Economic Development Bureau and the Intellectual Property Department (IPD) will, together with the HKMA, closely monitor the operation of the Sandbox and make follow-up arrangements.
Patent Valuation Support
161. The Government has earmarked $28 million to support the Hong Kong Technology and Innovation Support Centre in providing I&T enterprises with patent evaluation based on Guobiao (GB), and implementing the two-year Pilot Patent Valuation Support Scheme to assist I&T enterprises for conducting valuation of their patent assets.
Patent Examination
162. IPD will expand its team of patent examiners, particularly for original grant patent applications in major technology fields, to strengthen its in-house examination capacity and provide more robust legal protection for R&D outcomes.
Talent Training
163. IPD, together with the VTC, will roll out a two-year pilot programme and establish the Intellectual Property Academy to provide on-the-job training linked to the Qualifications Framework. We have earmarked $52 million for the project, which is targeted to commence at the end of this year.
Business Matching
164. With a robust IP protection regime and professional expertise, Hong Kong can provide comprehensive support to Mainland enterprises. Following the arrangement for Mainland enterprises to participate in matching activities in Hong Kong at the end of last year, the IPD will collaborate with the Mainland to organise Hong Kong IP professionals to participate in Mainland business matching programmes in the middle of this year.
International Hub for High-calibre Talents
165. Hong Kong ranks first in Asia and fourth globally in the World Talent Ranking 2025. We will continue nurturing local talents, attracting talents globally and developing an international education hub to achieve the integrated development of "Education, Technology and Talent".
Nurturing Talents
I&T
166. Through the STEM Internship Scheme, we encourage university students to gain I&T-related work experience, providing nearly 20 000 internship opportunities so far. The Research Talent Hub has approved over 15 000 applications, providing subsidies for institutions to engage STEM university graduates to undertake R&D work.
Finance
167. The Hong Kong Academy of Finance is committed to nurturing financial leaders with global vision. Its Financial Leaders Programme has attracted over 80 senior executives, benefiting nearly 50 institutions.
168. The GBA Fintech Two way Internship Scheme for Post-secondary Students provides subsidies for students from Hong Kong and the Mainland to participate in short-term internships in fintech companies. About 30 enterprises and 100 students have participated in the scheme.
169. To enhance the professional competency of insurance practitioners, we will extend the Programme to Enhance Talent Training for the Insurance Sector by three years.
Legal and Dispute Resolution
170. The Hong Kong International Legal Talents Training Academy has provided professional practical training for over 2 000 participants from various places and will continue facilitating experience sharing with legal and dispute resolution practitioners in the Mainland, B&R and other jurisdictions.
Aviation
171. We are focusing on training both serving and newly recruited aviation personnel. The Hong Kong International Aviation Academy will, in partnership with the Chinese University of Hong Kong, launch a new Master of Science in Aviation Management programme this year. The Academy has also, in collaboration with an overseas aeronautic services company, established the Aircraft Engineering Training Centre to offer a range of professional training courses on aircraft maintenance, aircraft parts processing and certification.
Construction Industry
172. We will continue nurturing construction professionals to cater for future manpower demand. To assist more graduates in obtaining professional qualifications, we will allocate $65 million to provide additional government-funded training places this year.
Attracting Talents
173. The various talent admission schemes have attracted over 270 000 talented individuals from around the world, with the Top Talent Pass Scheme drawing over 100 000 global elites, contributing to Hong Kong's economic development.
174. The Hong Kong Talent Engage will continue stepping up its efforts to attract talents from the Mainland and overseas, and expanding its network of working partners to help incoming talents and their families settle in Hong Kong.
175. InnoHK has collaborated with more than 30 top universities and research institutions in the Mainland and overseas, bringing together more than 3 000 researchers for world-class scientific research collaborations. We launched the $3 billion Frontier Technology Research Support Scheme last year to align with the country's strategic plan for frontier technology development.
International Education Hub
176. As a major international education hub, Hong Kong boasts five of the world's top 100 universities and is ranked second globally in terms of education competitiveness according to the World Competitiveness Yearbook 2025 of the International Institute for Management Development (IMD).
Third Medical School
177. The Government has earmarked resources to support, on a matching basis, the Hong Kong University of Science and Technology (HKUST) in developing the third medical school, which aims to admit its first cohort of students in the 2028/29 academic year. The new medical school will focus on nurturing talents with both clinical and R&D capabilities and attracting more medical talents to take up teaching and research positions.
178. The Government has reserved land at Ngau Tam Mei in the NM for the permanent campus of the new medical school and for the development of an integrated teaching and research hospital. Resources will be earmarked accordingly. The Government will further explore with HKUST the development and operation model of the integrated teaching and research hospital, and fully supports the commencement of the project as soon as possible.
NM University Town
179. For the development of the NM University Town, we will roll out three sites in Hung Shui Kiu/Ha Tsuen New Development Area shortly for application by UGC-funded universities and universities of applied sciences for campus development. We will earmark $10 billion for providing loans to support campus development.
Establish the "Study in Hong Kong" Brand
180. The Education Bureau (EDB) has established the Task Force on Study in Hong Kong to attract top-notch students globally. The "Study in Hong Kong" week, currently underway, features key events including the Asia-Pacific Association for International Education Conference and Exhibition (APAIE 2026), which is one of the world's top three international higher education conferences, and the international symposium hosted by the Alliance of Universities of Applied Sciences.
(To be continued.)
