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China’s finance ministry to issue 5b yuan treasury bonds in HK

Updated: Jun 26,2018 8:53 PM     Xinhua

BEIJING — China’s Ministry of Finance said on June 26 that it would issue yuan-denominated Treasury bonds worth 5 billion yuan (about $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 has also planned to issue $3 billion of 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 region’s economy and speed up the expansion of offshore yuan business.