China’s finance ministry issues 9 bln yuan of treasury bonds in HK

China’s Ministry of Finance issued 9 billion yuan of renminbi-denominated treasury bonds in Hong Kong on Wednesday, marking the third tranche of issuance this year. The issuance comprised three billion yuan of two-year bonds, three billion yuan of three-year bonds and three billion yuan of five-year bonds.

The issuance aims to improve the mechanism for the regular issuance of renminbi-denominated treasury bonds in Hong Kong and further solidify its position as one of the world’s leading financial centers.