A tender of the RMB bonds, issued by the Ministry of Finance of the People's Republic of China, was held earlier today.
HSBC's Greater China Chief Executive Helen Wong said Hong Kong's international center status are strengthened amid the growing demand of RMB assets.
"For the eighth consecutive year, the Ministry of Finance's issuance of renminbi (RMB) sovereign bonds in Hong Kong demonstrates China's ongoing commitment to strengthening Hong Kong's position as the leading international offshore RMB centre." she said.
"The MoF's repeated issuance of offshore RMB bonds reflects international investors' continued demand for RMB assets as well as the maturity of the financing platform that has been established in Hong Kong. RMB's inclusion in the International Monetary Fund's Special Drawing Rights basket in October will also boost the growing demand for RMB assets and accelerate the progress of RMB internationalisation." Wong added.
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