China's finance ministry issues additional 8 bln yuan treasury bonds in HK

China

China's finance ministry issues additional 8 bln yuan treasury bonds in HK

2024-10-16 22:20 Last Updated At：22:37

China's Ministry of Finance (MOF) issued yuan-denominated treasury bonds worth eight billion yuan (about 1.12 billion U.S. dollars) targeting institutional investors in Hong Kong on Thursday.

The issuance, the fifth tranche of this year, was well received by investors with the total bid amount 3.61 times the amount in circulation, the ministry said in a statement.

It included three billion yuan of two-year bonds, priced at 100.63 yuan with an interest rate of 1.75 percent; three billion yuan of three-year bonds, priced at 101.01 yuan with an interest rate of 1.85 percent; and two billion yuan of five-year bonds, priced at 101.72 yuan with an interest rate of 1.98 percent, according to the ministry.

The MOF plans to issue a total of 55 billion yuan (about 7.8 billion U.S. dollars) in RMB-denominated treasury bonds in six tranches in the Hong Kong Special Administrative Region this year, as part of the efforts to bolster the city's role as an influential global financial hub.

China continuously strengthens food security: grain reserve authorities

2024-10-16 21:54 Last Updated At：22:37

China has further enhanced its ability to ensure food security, with a multi-level and all-round reserve system as well as ample and high-quality grain stockpiles, according to the National Food and Strategic Reserves Administration (NFSRA) marking the annual World Food Day on Wednesday.

The country is currently speeding up the procurement for autumn grain, with more than 20 million tons of crops purchased in main grain producing areas so far, showed the latest data released by the agency.

Compared with a decade ago, the design storage capacity of standard grain warehouses across China has increased by 36 percent, the administration said.

The comprehensive loss rate of grain in state-owned grain depots during the storage period is controlled within 1 percent, the administration added.