The Ministry of Finance announced today (June 17) its plan to issue Renminbi (RMB) sovereign bonds totalling RMB15 billion outside the Mainland this year, of which RMB5 billion will be issued in Hong Kong this week. Details will be announced later.
The Financial Secretary, Mr Paul Chan, said, "The Hong Kong Special Administrative Region Government welcomes the Ministry of Finance's issuance of RMB sovereign bonds in Hong Kong for the 11th consecutive year. This demonstrates clearly the Central Government's support in reinforcing Hong Kong's status as the global offshore RMB business hub, and is conducive to the development of the bond market in Hong Kong."
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