China to tap USD bond markets

26 October 2017

 

China's Ministry of Finance has announced it plans to issue $2 billion worth of bonds denominated in U.S. dollars. The proposed bond issue will be made in Hong Kong and it will comprise an equal amount of five year bonds and ten year bonds. The People’s Bank of China reportedly “encouraged” Chinese banks in January this year to issue more U.S-denominated debt when raising funds. Some commentators saw this move...

read full story