Yuan treasury bonds to be issued in HK

BEIJING - China will issue this year's second batch of yuan-denominated treasury bonds worth 14 billion yuan ($2.2 billion) in Hong Kong next week, said a finance ministry statement Monday.

The new issue follows a batch of the same amount issued in May.

Of the 14 billion, 2 billion have been set aside for individual investors, with the remaining 12 billion allocated for sale to institutional investors, foreign central banks and local monetary authorities, the statement said.

China started issuing yuan-denominated treasury bonds in Hong Kong in 2009 to help globalization of the yuan.