The Strategist

China to place $3.6B yuan bonds in Hong Kong in Q4

10/12/2023 - 07:21

China is anticipated to sell a record number of yuan government bonds in Hong Kong this year in an effort to support the declining value of the national currency.

faungg's photos via flickr
faungg's photos via flickr
In the fourth quarter, China's finance ministry plans to flog bonds valued at 26 billion yuan ($3.6 billion). Xinhua, citing information from the Ministry of Finance, writes that the first batch of bonds, valued at 16 billion yuan, will be placed on October 25.

This year, the Ministry of Finance has issued two sets of yuan government bonds in Hong Kong.

Hong Kong will issue a record-breaking 55 billion yuan in yuan government bonds by the end of 2023 including the plans announced for the current quarter.