Treasury bonds to be issued in Hong Kong

The Ministry of Finance said on Tuesday it will issue 10 billion yuan (1.63 billion U.S. dollars) worth of treasury bonds in Hong Kong on Nov. 21.

Two-year bonds, worth 3 billion yuan, will be issued for individual investors in Hong Kong through banks and the Hong Kong Exchanges and Clearing Ltd (HKEx), marking the first time HKEx will be used as a purchase channel.

Another 7 billion yuan, including 5 billion yuan worth of three-year bonds and 2 billion yuan worth of five-year bonds, will target institutional investors through Hong Kong's debt instrument Central Moneymarkets Unit.

The issuance is made with the approval of the State Council, China's Cabinet.

A total of 23 billion yuan worth of treasury bonds will then be issued in Hong Kong together with the 13 billion yuan of treasury bonds issued there on June 26.

The issued RMB treasury bonds will continue to be traded on the HKEx.