HK to see issuance of 2 yuan bonds
Print Edition
THE Ministry of Finance said yesterday it would issue yuan-denominated treasury bonds worth 5 billion yuan (US$760 million) in Hong Kong in the near future.
It will be the first of two rounds of overseas yuan-denominated treasury bonds issued by the ministry this year. The second round will also be worth 5 billion yuan and be issued in Hong Kong, the ministry said, without giving a specific timetable.
The specific date and other details will be released before the issuance. The ministry also planned to issue US$3 billion of US dollar-denominated sovereign bonds overseas in the second half of 2018.
The ministry started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the city’s economy and expand the offshore yuan business.
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