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Home Fangda assists the PBOC with the issurance of 10,000,000,000 2.09% Three-Month Bills and RMB 15,000,000,000 2.50% One-Year Bills in institutional investor offer in Hong Kong

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Fangda assists the PBOC with the issurance of 10,000,000,000 2.09% Three-Month Bills and RMB 15,000,000,000 2.50% One-Year Bills in institutional investor offer in Hong Kong

: Description

The People’s Bank of China (the “PBOC”) issues RMB 10,000,000,000 2.09% Three-Month Bills and RMB 15,000,000,000 2.50% One-Year Bills (the “Bills”) in institutional investor offer on November 21, 2022 in Hong Kong. The fiscal agent, issuing and lodging agent for this project is Bank of China (Hong Kong) Limited. This project has been issued on November 23 2022.

Fangda Partners, being the only PRC law firm participated in this project, acted as the fiscal agent, issuing and lodging agent’s PRC legal advisor for the issuance of the Bills. The firm’s team was led by corporate partners Xueyan JIANG and Wanhua Huo, and team members included Yanhui Hu, Ellyn Ai and Teresa Sun.