The issuance of sovereign bonds will help improve the opening of the financial sector and will enhance the sector's capability to serve the real economy, the Ministry of Finance (MOF) said Tuesday.
The bonds will also help establish the pricing benchmark of foreign currency bonds issued in the Chinese mainland and fine-tune the yield curve of these bonds, said a statement on the ministry's website.
The MOF announced earlier in October that it will issue U.S. dollar-denominated sovereign bonds worth $2 billion in Hong Kong, the first such sale in 13 years.
