HKSAR Government welcomes Ministry of Finance's plan to issue sovereign bonds in Hong Kong in 2017

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The Ministry of Finance announced today (June 13) its plan to issue Renminbi (RMB) sovereign bonds totalling RMB14 billion in Hong Kong this year, of which RMB7 billion will be issued in the first half of the year and the remaining RMB7 billion will be issued in the second half of the year. The Ministry of Finance also announced its plan to issue US dollar sovereign bonds outside the Mainland totalling US$2 billion in the second half of the year. 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 ninth consecutive year. 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 the development of Hong Kong's bond market. The Ministry of Finance's issuance of sovereign bonds in a currency other than the RMB will help promote the financial integration between the Mainland and international markets, and hence the internationalisation of the RMB."

Ends/Tuesday, June 13, 2017
Issued at HKT 20:32

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