China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China's Ministry of Finance (MOF) issued yuan-denominated treasury bonds worth eight billion yuan (about 1.12 billion U.S. dollars) targeting institutional investors in Hong Kong on Thursday.

The issuance, the fifth tranche of this year, was well received by investors with the total bid amount 3.61 times the amount in circulation, the ministry said in a statement.

It included three billion yuan of two-year bonds, priced at 100.63 yuan with an interest rate of 1.75 percent; three billion yuan of three-year bonds, priced at 101.01 yuan with an interest rate of 1.85 percent; and two billion yuan of five-year bonds, priced at 101.72 yuan with an interest rate of 1.98 percent, according to the ministry.

The MOF plans to issue a total of 55 billion yuan (about 7.8 billion U.S. dollars) in RMB-denominated treasury bonds in six tranches in the Hong Kong Special Administrative Region this year, as part of the efforts to bolster the city's role as an influential global financial hub.

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

The International Monetary Fund (IMF) said on Wednesday it had raised its forecast for China's economic growth in 2025 to five percent, an upward revision of 0.2 percentage points from its October outlook.

IMF Managing Director Kristalina Georgieva made the remarks at a press conference held in Beijing, noting that the economy has demonstrated notable resilience despite facing multiple shocks.

"Despite sizable shocks, China's economy has shown remarkable resilience. We have upgraded our projections for China's growth to five percent in 2025. They reflect both strong exports and welcome fiscal stimulus. This resilient growth has supported household incomes. China is contributing about 30 percent to global growth," she said.

According to the press conference, an IMF team conducted constructive exchanges from December 1 to 10 in Beijing and Shanghai with senior Chinese government officials, representatives of private enterprises, and academics regarding China's economic outlook and policy responses, leading to the preliminary conclusion of raising China's growth forecast.

The IMF particularly recognized a combination of macro policies of the Chinese government aimed at expanding domestic demand and boosting consumption. It recommended further leveraging fiscal policy in the future to shift the growth model toward consumption‑driven expansion.

The IMF predicted that China will remain a crucial engine of global economic growth for many years to come.

According to Georgieva, measures such as shifting economic growth toward consumption‑driven expansion, further tapping the potential of the services sector, and promoting structural reforms with more proactive and stronger macro‑policies could add an estimated 2.5 percentage points to China's economic growth over the next five years through 2030. Such efforts would also contribute to healthier and more balanced development of the world economy.

IMF highlights China's economic resilience, raises 2025 growth forecast