Why China’s new sovereign bond sale in Hong Kong is drawing global interest
China’s Ministry of Finance is set to raise 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, tapping international capital just days after the city launched a long-awaited tool designed to help global investors hedge against mainland bond market risks. The sale marks the fourth tranche of Beijing’s 84 billion yuan sovereign bond programme for the year approved by…
China's Ministry of Finance plans to raise 15 billion yuan (US$2.22 billion) through a sovereign bond auction in Hong Kong, tapping international capital just days after the city launched a new tool to help global investors hedge against mainland bond market risks. This marks the fourth tranche of Beijing's 84 billion yuan sovereign bond programme for the year, approved by the State Council.
Analysts anticipate strong investor appetite, driven by a shortage of high-quality yuan-denominated assets and expectations that the currency will appreciate.
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