China aims to sell $4 billion worth of sovereign bonds in Hong Kong

China plans to sell up to $4 billion worth of US dollar-denominated government bonds in Hong Kong, in a move that could help create a more stable yield curve in the foreign market. The Ministry of Finance said in a statement that it will offer the bonds on November 3, and will reveal more details about the offer in the period leading up to the issue. It will be China’s first issuance of dollar bonds in the city since 2021, when it issued bonds of a similar value. You may be interested in: China begins procedures for issuing dollar bonds in Saudi Arabia. China’s interaction with global investors. In addition to being a standard for pricing Chinese corporate debt abroad, the new sovereign issuance also contributes to enabling the government to maintain its external financing channels and improve its interaction with global investors. China last issued dollar bonds in November 2024 when it sold $2 billion of debt. “Such an issuance will help maintain the issuance of multi-currency bonds, contribute to setting benchmarks for the price of dollar bonds for Chinese companies, and support Hong Kong’s role as a bridge between China and the world,” said Lin Song, chief economist for Greater China at ING Bank NV.