The Ministry of Finance will issue 12 billion yuan of treasury bond bonds in Hong Kong today | treasury bond bonds | the Ministry of Finance
Today, the Ministry of Finance will issue 12 billion yuan of treasury bond in the Hong Kong Special Administrative Region, which is also the first issue of treasury bond issued by the Ministry of Finance in Hong Kong this year.
According to reports, the 12 billion yuan treasury bond issued this time include 6 billion yuan for two-year term, 4 billion yuan for three-year term and 2 billion yuan for 10-year term.
Chen Chen, General Manager of the Financial Management Department of Bank of Communications: Since 2009, the scale of this issuance should be said to be the largest. Currently, the offshore RMB market in Hong Kong is in a gradual upward process from the perspective of trading volume and issuance volume, so the market has this capacity.
![The Ministry of Finance will issue 12 billion yuan of treasury bond bonds in Hong Kong today | treasury bond bonds | the Ministry of Finance](https://a5qu.com/upload/images/fdef0bdf2738cc9865d5b704ab32f24a.jpg)
It is understood that as early as September 28, 2009, the central government issued RMB treasury bond in Hong Kong for the first time. It has been the 15th consecutive year. If we count the 12 billion yuan issued today, the Ministry of Finance has issued 273 billion yuan of treasury bond in Hong Kong.
RMB treasury bond Strongly Supports the Construction of Hong Kong International Financial Center
In addition to issuing 12 billion yuan of treasury bond today, the Ministry of Finance will issue a total of 30 billion yuan of treasury bond in Hong Kong in four phases this year. The continuous issuance for many years has strongly supported the construction of Hong Kong's international financial center.
![The Ministry of Finance will issue 12 billion yuan of treasury bond bonds in Hong Kong today | treasury bond bonds | the Ministry of Finance](https://a5qu.com/upload/images/647069136c68d0f01da1b0b62de8e885.jpg)
It is understood that over the past decade, the issuance scale of RMB treasury bond in Hong Kong has increased from the initial 6 billion yuan to 30 billion yuan this year, and the term has gradually developed from a single five-year period to two-year, three-year and 10-year periods. Moreover, the currency of treasury bond has also changed, from RMB to RMB, US dollar and Euro. According to the analysis of insiders, RMB treasury bond are a high-quality investment product, which can not only enrich the offshore RMB products in Hong Kong, but also continuously improve the yield curve of RMB treasury bond bonds with different maturities, providing a reference for Chinese enterprises to reasonably determine the yield of bonds issued overseas. At present, the issuance of RMB treasury bond in Hong Kong has become a long-term institutional arrangement, and in recent years, it has become the actual demand of the market.
Li Dazhi, Vice President of the Hong Kong Monetary Authority: Many countries hope to use the renminbi more for trade settlement purposes. However, in terms of physical trade, it is inseparable from the development of financial markets and relies on financial institutions to provide liquidity support. Therefore, the more abundant offshore products are, the more favorable it is for people overseas to use renminbi products.
Moreover, the state has steadily issued RMB treasury bond in Hong Kong, providing strong support for Hong Kong to build an international financial center and the largest offshore RMB center, and continue to promote financial openness.
![The Ministry of Finance will issue 12 billion yuan of treasury bond bonds in Hong Kong today | treasury bond bonds | the Ministry of Finance](https://a5qu.com/upload/images/36338d09e9c31d894a5a9538528d9696.jpg)
Chen Chen, General Manager of Financial Management Department of Bank of Communications: As an international financial center, Hong Kong is at the forefront of international investors trying to enter the RMB market. With the continuous expansion of Hong Kong's offshore RMB market, the continuous enrichment of its products, and the further diversification of investors, its market liquidity and marketization level will be improved, thereby promoting a higher level of two-way opening.