Briefly

Ministry issues treasury bonds in HK

The Ministry of Finance has issued yuan-denominated treasury bonds worth a total of 6 billion yuan ($835.2 million) in the Hong Kong Special Administrative Region. The issuance included additional two-year bonds, three-year bonds, and five-year bonds, according to the ministry. Each of the three types of bonds has an issuance value of 2 billion yuan. The bonds' respective interest rates are 1.7 percent, 1.7 percent and 1.8 percent. The issuance was well received by investors, with the total bid amount 3.58 times the amount in circulation, the ministry said.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 11 pips to 7.1854 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily