Ministry issues yuan bonds worth 5b yuan in HK

BEIJING -- China's Ministry of Finance (MOF) issued yuan-denominated treasury bonds worth 5 billion yuan (about $760.5 million) in the Hong Kong Special Administrative Region on Wednesday.

The bonds included 3.5 billion yuan of two-year treasury bonds and 1.5 billion yuan of five-year treasury bonds, the MOF said in an online statement.

The issuance is an additional offering to the previous 5 billion yuan in treasury bonds issued in Hong Kong in July of this year, according to the ministry.

The MOF started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region's economy and speed up the expansion of offshore yuan business.