PBOC to issue 60 bln yuan of RMB bills in Hong Kong

The Hong Kong Monetary Authority (HKMA) announced on Monday that the People's Bank of China (PBOC) will issue six-month Renminbi Bills through the HKMA's Central Moneymarkets Unit.

According to the HKMA, the six-month RMB bills, totaling 60 billion yuan (about 8.95 billion U.S. dollars), will mature and pay interest on March 29, 2027.

Tendering for the bills will take place on Sept. 23 this year, with settlement on Sept. 28.

In a special series on the Long March, a landmark event in the history of the Communist Party of China (CPC), the Huajiang Gorge Bridge in southwest China's Guizhou Province, the world's highest bridge, has demonstrated how the Long March spirit lives on.

This year marks the 90th anniversary of the Long March, a crucial turning point in Chinese history which contributed to the founding of the People's Republic of China.

In the special series Marching On, China Global Television (CGTN) correspondents retrace the original route of the Long March across several provinces to find out that the Long March's enduring spirit—marked by determination and resilience—continues to inspire generations of Chinese people as they pursue better lives through innovation and hard work.

In the first episode of the series, a CGTN correspondent kicks off the journey across rugged hills and river‑carved valleys in Guizhou Province, a key region along the Long March route. He stands in awe atop the Huajiang Gorge Bridge, completed in 2025 by local engineers and workers. With a deck soaring 625 meters above the river, the bridge is a testament to the enduring spirit of overcoming adversity.

The remarkable transformation of mountainous Guizhou—with a nearly twelvefold increase in per capita GDP over the past two decades—reflects the enduring legacy of the Long March spirit, which remains evident in all aspects of contemporary Chinese life.

The Red Army soldiers, forerunners of today's People's Liberation Army, began their strategic retreat in 1934. They endured raging rivers, snow-capped mountains, and vast grasslands—some marching as far as 12,500 kilometers—before finally reaching Yan'an in Shaanxi Province in 1936, where they established the CPC headquarters before the People's Republic of China was founded in 1949.