BEIJING — The People's Bank of China (PBOC) issued 25 billion yuan (about $3.85 billion) worth of central bank bills in Hong Kong on Aug 20.

Of the total, 10 billion yuan worth of central bank bills will mature in three months, and another 15 billion yuan will mature in one year, with respective interest rates of 2.6 percent and 2.75 percent, according to the PBOC.

The issuance was well-received by overseas investors, with total bidding reaching approximately 73 billion yuan, more than 2.9 times the value issued, the PBOC said.

That also reflects the strong attractiveness of renminbi assets to overseas investors, as well as the confidence global investors have in the Chinese economy, the PBOC said.