, Hong Kong

China’s finance ministry to issue RMB23b of sovereign bonds in HK

The bonds will be issued in four batches.

China’s Ministry of Finance will issue sovereign bonds totalling RMB23b (HK$27.05b) in Hong Kong this year.

The bonds will be issued to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region.

The first of the four batches of bonds will be worth RMB7.5b (HK$8.82b)  and will be issued in two-year, three-year and five-year tenors on June 15.

China’s Financial Secretary Paul Chan said the issuance of the foreingn bonds shows the Central People's Government's “staunch support of Hong Kong's status as an international financial centre and global offshore RMB business hub.”

The Hong Kong SAR, for its part, welcomed the ministry's issuance of renminbi sovereign bonds in Hong Kong for 14 consecutive years.

1 HKD = 0.85 RMB

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Patek Philippe Salons exhibit largest “Rare Handcrafts” collection
Discover the new Patek Philippe “Rare Handcrafts 2024” collection, with a total of 82 timepieces combining technical prowess with unlimited creativity.
Retail
XPENG taps Sime Darby Motors for dealer partnership in Hong Kong
The deal will allow XPENG to bring its latest electric vehicle models to Hong Kong consumers.

Exclusives

Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.