Enthusiastic response to China's sovereign bond issuance in Luxembourg

China has issued sovereign debt abroad in each of the last 17 years, beginning in 2009, while the Ministry of Finance has gradually expanded its portfolio of foreign-currency sovereign issuance, covering offshore renminbi bonds, US dollar bonds and euro-denominated securities as part of the country's broader financial-sector opening-up strategy.

International experts view the new euro bond issuance as an important signal of China's deepening engagement with European markets.

"The Ministry of Finance's decision to issue sovereign bonds in Luxembourg, a prominent European financial center, helps foster deeper engagement with European institutional investors, signaling China's ongoing commitment to further market liberation and enhancing interconnectivity with European and global financial markets," said Timothy Huang, head of Global Corporate Banking for Greater China at JP Morgan.

"This issuance will also assist in amplifying China's influence in the international financial markets, while strengthening collaboration with Europe in areas such as financing, investment and risk management."