The Chinese mainland's Ministry of Finance has issued 12 billion yuan ($1.69 billion) of renminbi-denominated treasury bonds in Hong Kong on Wednesday, marking the first batch of issuance this year.
The bond issuance includes 3 billion yuan each of two-year, three-year, five-year, and ten-year bonds. Qu Qiang, a research fellow at Minzu University of China, highlighted in an interview with CGTN that these bonds offer competitive interest rates for international investors. \"They are very attractive for those investors who would like to anchor their portfolio to a stable value and also fight it against the turbulence of international financial risks,\" Qu explained.
This issuance marks the sixteenth consecutive year that the Ministry has issued RMB treasury bonds in Hong Kong, with the total scale now exceeding 300 billion yuan. Qu added that this move will help attract foreign capital and solidify Hong Kong's position as an international financial hub and the world's top offshore yuan settlement center.
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China's Finance Ministry issues 12 bln yuan of treasury bonds in HK
cgtn.com
