The Ministry of Finance successfully issued sovereign US dollar bonds in Hong Kong.

On November 5th, the Ministry of Finance of the People's Republic of China, on behalf of the central government, successfully issued $4 billion in sovereign bonds in the Hong Kong Special Administrative Region. Among them, $2 billion with a term of 3 years and an issue rate of 3.646%; $2 billion with a term of 5 years and an issue rate of 3.787%. The US dollar sovereign bonds were warmly welcomed by the market, with international investors subscribing enthusiastically. The total subscription amount was $118.2 billion, which is 30 times the issue amount. Among them, the subscription multiple for the 5-year term reached 33 times. The investors in the US dollar sovereign bonds were diverse in types and widely distributed geographically. Investors from Asia, Europe, the Middle East, and the United States accounted for 53%, 25%, 16%, and 6% respectively. Sovereign funds, banks, insurance companies, asset management funds, and traders accounted for 42%, 24%, 32%, and 2% respectively. The bonds issued this time will all be listed on the Hong Kong Stock Exchange.