FS hails RMB move

2018-06-28 09:03:48

Financial Secretary Paul Chan has welcomed the Ministry of Finance's plan to issue renminbi sovereign bonds totalling RMB10 billion in Hong Kong this year.

Announcing the move today, the ministry said RMB5 billion will be issued in the first half of the year and the remainder will be issued in the second half.

Mr Chan said the Hong Kong Special Administrative Region Government welcomes the issuance of RMB sovereign bonds in Hong Kong for the 10th consecutive year.

"This demonstrates clearly the Central Government's support in reinforcing Hong Kong's status as the global offshore RMB business hub, and is conducive to the development of the bond market in Hong Kong."

The ministry also announced a plan to issue US dollar sovereign bonds outside the Mainland totalling US$3 billion in the second half of the year.

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