RMB sovereign bonds to be issued

The Hong Kong Special Administrative Region Government today welcomed the Ministry of Finance's plan to issue sovereign bonds totalling RMB20 billion in Hong Kong this year.   The ministry plans to issue renminbi sovereign bonds in three batches of RMB8 billion, RMB6 billion and RMB6 billion each.   The Hong Kong SAR Government noted this is the 13th consecutive year the ministry has circulated RMB sovereign bonds in Hong Kong.   It said this demonstrates clearly the central government's support in reinforcing Hong Kong's status as an international financial centre and the global offshore RMB business hub, and is conducive to promoting the sustainable development of Hong Kong's bond market.
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