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The Ministry of Finance of the Peopleˇ¦s Republic of China and the Government of the Hong Kong Special Administrative Region announce today (September 8) that the Central Government will issue Renminbi (RMB) sovereign bonds totalling RMB 6 billion in Hong Kong on September 28, 2009.
The issue of RMB sovereign bonds in Hong Kong by the Central Government is one of the important measures by the Central Government in supporting Hong Kong as an international financial centre to further develop RMB business and promoting Hong Kongˇ¦s prosperity and economic development. It is also a new milestone for the development of RMB business in Hong Kong. This measure has significant impact on promoting the depth and breadth of the Hong Kong bond market, and strengthening Hong Kongˇ¦s position as an international financial centre. The issue of RMB sovereign bonds will enhance financial cooperation between the Mainland and Hong Kong, and provide a safe and sound investment choice for investors.
Ends/Tuesday, September 8, 2009
Issued at HKT 11:08
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