Share
Copied
Night view of Victoria Harbour in Hong Kong Special Administrative Region./CFP
China's Ministry of Finance (MOF) issued 12 billion yuan ($1.7 billion) of treasury bonds in Hong Kong on Wednesday for the first time this year.
This comprises six billion yuan worth of two-year bonds, four billion yuan of three-year bonds, and two billion yuan of ten-year bonds.
The MOF plans to issue a total of 30 billion yuan of treasury bonds across four batches in the Hong Kong Special Administrative Region (HKSAR) this year, as the country steadily promotes the development of offshore yuan business.
The MOF's bond issues in Hong Kong have stayed at about 20 billion yuan annually in recent years. This year's quota of 30 billion yuan will be the highest.
The increase shows the growing demand for yuan-denominated assets from international investors and it will further promote the yuan's internationalization, said Chen Yu, general manager of the Financial Management Department of the Bank of Communications.
It will also contribute to the attraction of foreign capital as well as help consolidate Hong Kong's position as an international financial center and the world's top offshore yuan settlement center, according to Howard Lee Tat-chi, deputy chief executive of the Hong Kong Monetary Authority.
As the world's largest offshore yuan hub, Hong Kong settles roughly 75 percent of global yuan payments outside of the Chinese mainland.
The MOF has issued a total of 273 billion yuan of treasury bonds in Hong Kong to date.
Search Trends
SITEMAP
Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466
SITEMAP
Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466