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China issues treasury bonds in HK

Xinhua, June 29, 2016 Adjust font size:

China's Ministry of Finance issued yuan-denominated treasury bonds worth 14 billion yuan (2.11 billion U.S. dollars) in Hong Kong on Wednesday.

The maturity of this batch of bonds ranges from three years to 20 years, with annual interest rates from 2.9 percent to 3.9 percent, the ministry said in a statement on its website.

It said last week that it planned to issue a total of 28 billion yuan in yuan-denominated treasury bonds in Hong Kong this year. The other 14 billion yuan will be sold in the second half of the year.

The ministry started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region's economy and speed up the expansion of offshore yuan business. Endi