Industry insiders in the issuance of 7.5 billion yuan treasury bonds in Hong Kong: it will help boost the confidence of the offshore market in the renminbi

　　China News Agency, Hong Kong, June 15 (Reporter Wei Huadu) The Ministry of Finance issued the first 7.5 billion yuan (RMB, the same below) treasury bonds in 2022 in the Hong Kong Special Administrative Region on the 15th.

Ying Jian, senior strategic planner at Bank of China Hong Kong Institute of Financial Research, said the issuance of renminbi sovereign bonds will help boost confidence in the renminbi in the offshore market.

　　It is reported that the 7.5 billion yuan treasury bonds issued this time, including 2.5 billion yuan each with 2-year, 3-year and 5-year terms, are issued to institutional investors through the central settlement system of debt instruments of the Hong Kong Monetary Authority.

Throughout this year, the Ministry of Finance will issue a total of 23 billion yuan of government bonds in Hong Kong.

　　Ying insisted that in recent years, the "dim sum bond" market in Hong Kong has maintained a recovery trend. The Ministry of Finance has continued to issue renminbi treasury bonds. Last year, it issued 20 billion yuan, which is expected to increase to 23 billion yuan this year, which will help the "dim sum bond" market to recover faster.

　　He said that the issuance of offshore renminbi sovereign bonds is an important indicator of the internationalization of the renminbi. Every issuance in the past has been oversubscribed, indicating that the world is paying attention to renminbi sovereign bonds.

The continuous issuance of RMB treasury bonds can meet the demand for overseas holdings of high-quality RMB assets; it can form a benchmark yield curve for offshore RMB, creating conditions for promoting RMB investment and financing and other businesses in Hong Kong; process.

　　Ying Jian believes that the scale of offshore RMB bond issuance is expanding recently, the offshore RMB central bill issuance has also maintained a relatively large scale, and the interest of other bond issuers has also increased. Therefore, the offshore RMB bond market will continue to improve, and the scale of issuance will also increase. getting bigger.

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