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HKSAR Government welcomes Ministry of Finance's plan to issue RMB sovereign bonds in Hong Kong in 2015

     The Ministry of Finance announced today (May 12) 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, central banks and monetary authorities outside Mainland China on May 20 and RMB14 billion will be issued to institutional investors and Hong Kong residents 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 seventh consecutive year. Same as last year, the RMB sovereign bonds will be issued twice this year. This demonstrates clearly the Central Government's support in developing Hong Kong as an offshore RMB business centre and further facilitates the development of the RMB bond market in Hong Kong."

Ends/Tuesday, May 12, 2015
Issued at HKT 18:00


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