China issues bonds in HK

The Ministry of Finance (MOF) on Thursday issued yuandenominated treasury bonds worth 5 billion yuan ($754 million) in Hong Kong.

Of the total, 4.5 billion yuan was issued to institutional investors through bidding, with the interest rate for 3 billion yuan of two-year bonds standing at 3.65 percent and a rate of 3.8 percent for 1.5 billion yuan of five-year bonds, the MOF said.