China plans to issue government bonds worth 15.5 billion yuan in Hong Kong as part of this month’s largest yuan-denominated offering since 2023, increasing supply for global investors, as yuan-denominated assets are becoming more attractive as a safe haven amid rising tensions in the region.
In a statement on Wednesday, the Ministry of Finance said it will sell bonds worth 15.5 billion yuan (about $2.3 billion) in Hong Kong on April 22, without disclosing details of the initial plan, such as the maturity tenors to be offered.
This issuance is expected to exceed the February sale of 14 billion yuan and is expected to be the largest single issuance of so-called “Dim Sum” bonds in Hong Kong conducted by the ministry since October 2023, according to data compiled by Bloomberg.
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