Header and navigation menu

Page content

China set to issue US$2.3b in offshore bonds as demand for yuan-backed assets grows

China is set to raise about 15.5 billion yuan (US$2.3 billion) from a sovereign bond sale in Hong Kong next week, the largest such issuance since 2023, as global investors seek refuge in Chinese assets amid the US-Iran conflict. The Ministry of Finance said in a statement on Wednesday it would offer the yuan-denominated bonds – its second offshore issuance this year – on April 22. Further details will be released through the Hong Kong Monetary Authority’s Central Moneymarkets Unit. [...]