HKSAR Government welcomes Ministry of Finance's plan to issue RMB sovereign bonds in Hong Kong for second time in 2016

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The Ministry of Finance announced today (December 6) its plan to further issue Renminbi (RMB) sovereign bonds totalling RMB14 billion in Hong Kong this week, of which RMB12 billion will be issued to institutional investors, central banks and monetary authorities outside Mainland China through the Central Moneymarkets Unit of the Hong Kong Monetary Authority and RMB2 billion will be issued to Hong Kong residents through placing banks and the Hong Kong Stock Exchange platform. This is the second time this year that the Ministry of Finance is issuing RMB sovereign bonds in Hong Kong. The first batch of RMB14 billion was issued on June 29.

The Financial Secretary, Mr John C Tsang, said, "The Hong Kong Special Administrative Region Government welcomes the further issuance of RMB sovereign bonds in Hong Kong twice this year by the Ministry of Finance. As in the past two years, the Ministry of Finance is issuing RMB sovereign bonds totalling RMB28 billion this year, which would be conducive to the Government's objective to develop Hong Kong's bond market. This also demonstrates clearly the Central Government's support in reinforcing and enhancing Hong Kong as an international financial centre and the global offshore RMB business hub."

Ends/Tuesday, December 6, 2016
Issued at HKT 17:27

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