OREANDA-NEWS. August 31, 2011. The Ministry of Finance (MOF) announced to issue treasury bonds of RMB20 billion in Hong Kong in August, and Hong Kong Branch of Agricultural Bank of China Limited (ABC) would serve as the joint leading bank and book runner for this issuance, reported the press-centre of ABC.

This is the third time of such RMB treasury bonds issuance in Hong Kong. MOF will issue RMB15 billion of such bonds to institutional investors via the Central Moneymarkets Unit (CMU) of Hong Kong, including three-year bonds of RMB6 billion, five-year ones of RMB5 billion, seven-year ones of RMB3 billion and ten-year ones of RMB1 billion; and two-year bonds of RMB5 billion to personal investors.

RMB treasury bonds issuance is an important measure to support Hong Kong to develop into an offshore RMB business center, and shows the central government's resolution to consolidate and promote Hong Kong as an international financial center. As one of ABC's major overseas branches, Hong Kong Branch will, together with its peers, do a good job in successfully issuing RMB treasury bonds based on its customer resources and 16 years' service experience.

Meanwhile, Hong Kong Branch also takes this issuance as a rare opportunity for business development. Since its listing, ABC has extended its influence in capital markets at home and abroad. Hong Kong Branch will take this chance of rapid development to provide more quality and efficient services to its customers and play a better role as bridge and tie between ABC and the international market.