Hong Kong SAR Government Welcomes the Issue of RMB Sovereign Bonds by the Central Government in Hong Kong

For more information, please contact:
Melissa Ng / David Hsieh at 212-752-3320
Daniel McAtee at 202-238-6360
Wing Yan Tong at 415-835-9315

September 8, 2009 - The Ministry of Finance of the People’s Republic of China and the Government of the Hong Kong Special Administrative Region (HKSAR) announce today that the Central Government will issue Renminbi (RMB) sovereign bonds totaling RMB6 billion in Hong Kong on September 28, 2009.

A HKSAR Government spokesman said, “The HKSAR Government welcomes the issue of RMB sovereign bonds in Hong Kong by the Central Government, which clearly demonstrates the Central Government’s support for Hong Kong as an international financial center to further develop RMB business and illustrates the ‘interactive’, ‘complementary’ and ‘co-operative’ relationship between the financial systems of the Mainland and Hong Kong.”

The spokesman added that the issue of RMB sovereign bonds is a new milestone for the development of RMB business in Hong Kong. It will also enhance financial co-operation between the Mainland and Hong Kong.