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The Ministry of Finance announced today (June 21) its plan to issue Renminbi (RMB) sovereign bonds totalling RMB28 billion in Hong Kong this year, of which RMB14 billion will be issued to institutional investors on June 29 and the remaining RMB14 billion will be issued in the second half of the year. Details will be announced later.
The Financial Secretary, Mr John C Tsang, said, "The Hong Kong Special Administrative Region Government welcomes the issue of RMB sovereign bonds by the Ministry of Finance in Hong Kong for the eighth consecutive year. Same as the past three years, the RMB sovereign bonds will be issued twice this year. This demonstrates clearly the Central Government's support in strengthening Hong Kong's status as the global offshore RMB business hub and further facilitates the development of RMB bond market in Hong Kong."
Ends/Tuesday, June 21, 2016
Issued at HKT 20:03
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