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MARKETS & INVESTING | Tony Chua, Hong Kong
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Hong Kong investors keen on China government bonds

CCB received five times more subscriptions and the subscription amount is 45 times higher than in December.

On Friday, the Ministry of Finance of the People's Republic of China issued Chinese government bonds to individual investors in Hong Kong for the first time, and local people have shown great enthusiasm about subscribing to them.
China Construction Bank is one of the distributors in the sale of these bonds, and Wang Weina, the bank’s vice president, indicates it has set a new issuance record in both the number and the monetary amount of subscriptions in the first day, according to a report in People’s Daily Online.

Compared with the first day's sale of Chinese bonds last December, China Construction Bank has received five times more subscriptions and the subscription amount is 45 times higher. On the first day there have been some subscriptions inconsiderable amounts, and the average amount of each subscription is nearly 300,000 yuan ($46,893).

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