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Chinese offshore yuan bonds in high demand in HK

08-18-2011 08:44 BJT

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More details now on the large offering of dim sum bonds today - that is, Chinese treasuries denominated in yuan and issued in Hong Kong.

China sold 20 billion yuan, or 3.1 billion US dollars, worth of offshore RMB-denominated bonds. The deal from the Ministry of Finance, with maturities aimed at institutional investors of 3-year, 5-year, 7-year and 10-years, has attracted solid demand.

It underscores the growing popularity of the market for investors hungry for exposure to the yuan in Hong Kong.

Chinese Vice Premier Li Keqiang (L), Hong Kong Chief Executive Donald Tsang and Chief Secretary Henry Tang (R) attend the launch ceremony of RMB sovereign bonds in Hong Kong August 17, 2011.

 

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Editor:Li Wanran |Source: CNTV.CN

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