The People's Bank of China (the "PBOC") will issue Renminbi Bills through the Central Moneymarkets Unit of the Hong Kong Monetary Authority (the "HKMA").

The Hainan provincial government issued its first offshore renminbi bonds in Hong Kong on Thursday, signaling Hong Kong as the preferred platform for the mainland's provincial and municipal governments to issue renminbi debt products.

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System:

While excluding the possibility of a one-sided performance of the renminbi exchange rate, the People's Bank of China will make continued efforts to deepen reform in the foreign exchange market and refrain from drastic ups and downs in the Chinese currency, the country's central bank said in an article released on Tuesday.

China will steadily advance the process of the renminbi's internationalization and the country will make its financial market more accessible to international investors in terms of product supply and trading mechanisms to achieve the goal of lifting the global profile of the Chinese currency, industry experts said.

China will promote financial market opening-up at an institutional level comprehensively as part of its steady efforts to boost the global use of the renminbi, the People's Bank of China, the country's central bank, said on Sunday.

The Ministry of Finance will issue Renminbi Sovereign Bonds.

China's central bank is expected to prioritize stabilizing market confidence in the coming quarter, keeping monetary policy accommodative for economic recovery while fending off any rapid weakening of the renminbi against the dollar, experts said on Thursday.

China's renminbi is expected to continue its steady rise in global use and play a bigger part in safeguarding international financial stability, as the country further advances its financial opening-up while deepening trade and investment cooperation, experts said.