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China to issue renminbi bonds in Hong Kong

This is a discussion on China to issue renminbi bonds in Hong Kong within the China News forum, part of the Doing Business in China category; China's finance ministry will issue Rmb6bn in yuan-denominated bonds in Hong Kong, its first such issue and a key step ...

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Old Sep 8th, 2009, 01:50 AM   #1
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Default China to issue renminbi bonds in Hong Kong
China's finance ministry will issue Rmb6bn in yuan-denominated bonds in Hong Kong, its first such issue and a key step in the gradual internationalisation of the Chinese currency.

The finance ministry said in a statement on its website on Tuesday that the bond issue, scheduled for Sept 28, would provide a pricing benchmark for other yuan bonds issued in Hong Kong, encouraging Chinese firms to raise funds in the territory’s debt market.

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