China to issue gov’t bonds in Hong Kong
China will issue 6 billion yuan (CHY)
(roughly 880 million USD) worth of treasury bonds in Hong Kong on
September. 28, according to Xinhua News Agency.
China will issue 6 billion yuan (CHY)
(roughly 880 million USD) worth of treasury bonds in Hong Kong on
September. 28, according to Xinhua News Agency.
It is the first time the central government has issued CHY-denominated treasury bonds outside the Chinese mainland.
The sale of such bonds is meant to "promote the acceptance of the CHY for global trade among neighbouring countries and regions" and also to "steadily expand the scale of Hong Kong's CHY bonds market", China’s Ministry of Finance was cited by Xinhua as saying in a statement on its website.
Xinhua also cited a Hong Kong Special Administrative Region Government spokesman as saying that the move clearly demonstrated the Central Government's support for Hong Kong as an international financial center and that the issuance of CHY sovereign bonds was a new milestone for the development of CHY business in Hong Kong./.
It is the first time the central government has issued CHY-denominated treasury bonds outside the Chinese mainland.
The sale of such bonds is meant to "promote the acceptance of the CHY for global trade among neighbouring countries and regions" and also to "steadily expand the scale of Hong Kong's CHY bonds market", China’s Ministry of Finance was cited by Xinhua as saying in a statement on its website.
Xinhua also cited a Hong Kong Special Administrative Region Government spokesman as saying that the move clearly demonstrated the Central Government's support for Hong Kong as an international financial center and that the issuance of CHY sovereign bonds was a new milestone for the development of CHY business in Hong Kong./.
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