The Chinese Ministry of Finance is to issue yuan-denominated treasury bonds worth 5 billion yuan ($714.3 million) in Hong Kong next Thursday.
The ministry said on Friday yuan-denominated bonds worth 15 billion yuan will also be issued in overseas markets this year
The ministry said on Friday yuan-denominated bonds worth 15 billion yuan will also be issued in overseas markets this year.
“The Hong Kong Special Administrative Region government welcomes the Ministry of Finance’s issuance of renminbi sovereign bonds in Hong Kong for the 12th consecutive year,” Financial Secretary Paul Chan Mo-po said.
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“This clearly demonstrates the central government’s unswerving support in cementing Hong Kong’s status as a global offshore renminbi business hub, and is conducive to the long-term development of the bond market in Hong Kong,” he said.
Four billion yuan worth of the new bonds to be issued in the SAR will mature in two years and 1 billion yuan will mature in five years.
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Details will be announced by the Hong Kong Monetary Authority’s Central Money Markets Unit — the debt securities clearing and settlement system that serves as the core financial market infrastructure in the primary issuance market for the country’s sovereign and “dim sum” bonds.
