China’s Ministry of Finance has issued 12 billion yuan ($1.69 billion) of renminbi-denominated treasury bonds in Hong Kong on Wednesday, marking the first batch of issuance for this year.
The issuance comprises four types of bonds, each worth 3 billion yuan, with maturities of two, three, five, and ten years, respectively.
Qu Qiang, a research fellow at Minzu University of China, highlighted in an interview with CGTN that these bonds offer competitive interest rates for international investors. “They are very attractive for those investors who would like to anchor their portfolio to a stable value and also fight against the turbulence of international financial risks,” Qu stated.
This marks the sixteenth consecutive year that the Ministry of Finance has issued renminbi treasury bonds in Hong Kong, with the total issuance exceeding 300 billion yuan.
According to Qu, this move contributes to attracting foreign capital and solidifies Hong Kong’s position as an international financial hub and the world’s leading offshore yuan settlement center.
The issuance not only provides international investors with more diversified investment options but also promotes the internationalization of the yuan, supporting China’s broader financial goals.
Reference(s):
China's Finance Ministry issues 12 bln yuan of treasury bonds in HK
cgtn.com
