China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

What’s new: China’s Ministry of Finance unveiled a plan Monday to sell 23 billion yuan ($3.46 billion) of yuan-denominated treasury bonds in Hong Kong this year.

The bonds will be issued in four batches, with the first issue of 7.5 billion yuan of notes set for June 15, the Finance Ministry said. Maturity periods of the bonds will range from two to five years.