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.
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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
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
Canadian Prime Minister Mark Carney arrived in Beijing on Wednesday for an official visit to China through Saturday.
This visit marks the first trip to China by a Canadian Prime Minister in eight years.
When briefing on the visit of Carney, a Chinese foreign ministry spokesperson said President Xi Jinping will meet with the Canadian prime minister to provide new strategic guidance for further improving and developing China-Canada relations.
Chinese Premier Li Qiang and Chairman of China's National People's Congress Standing Committee Zhao Leji will hold separate talks and meetings with the Canadian prime minister to conduct comprehensive and in-depth exchanges on bilateral relations as well as issues of mutual interest.
The spokesperson said China looks forward to taking this visit as an opportunity to enhance dialogue and communication, increase political mutual trust, expand practical cooperation, properly manage differences, address each other's concerns and consolidate the momentum of improvement in China-Canada relations to bring greater benefit for the two peoples.
Canadian PM arrives in Beijing for official visit