The issuance ceremony of US dollar sovereign bonds by the Ministry of Finance was held at the Hong Kong Monetary Authority on the 6th. The relevant person in charge of the Ministry of Finance announced that the Ministry of Finance, on behalf of the central government, successfully issued 4 billion US dollars of sovereign bonds in Hong Kong on November 5th. International investors subscribed enthusiastically, with a total subscription amount of 118.2 billion US dollars, which is 30 times the issuance amount. It is reported that the US dollar sovereign bonds issued this time include a 3-year maturity of 2 billion US dollars, with an issuance interest rate of 3.646%; The 5-year term is 2 billion US dollars, with an issuance interest rate of 3.787%. Investors have a wide geographical distribution and diverse types. Investors from Asia, Europe, the Middle East, and the United States account for 53%, 25%, 16%, and 6% respectively, while sovereign, banking and insurance, fund asset management, and trading types account for 42%, 24%, 32%, and 2% respectively. All the bonds issued this time are listed on the Hong Kong Stock Exchange. The Deputy Financial Secretary of the Hong Kong Special Administrative Region Government, Wong Wai lun, stated at the issuance ceremony that the Ministry of Finance's sixth visit to Hong Kong to issue US dollar sovereign bonds fully reflects the strong support of the central government for Hong Kong's status as an international financial center and the function of a bond issuance center. Since the beginning of this year, the financial market in Hong Kong has been thriving, and the participation of international investors in the local stock market, bond market, and wealth management market has significantly increased. International investors have full confidence in the Hong Kong financial market. The SAR government will continue to strengthen cooperation with the mainland in the economic and financial fields, and make every effort to consolidate Hong Kong's position as an international financial center. As the joint lead underwriter and bookrunner of this issuance, Liao Yijian, the joint CEO of HSBC Asia and the Middle East, stated that the Ministry of Finance's bond issuance has received active participation and enthusiastic subscription from international investors, fully reflecting the confidence of the international market in the growth potential of the Chinese economy. The recently released "15th Five Year Plan" proposal mentions expanding high-level opening up to the outside world, promoting innovative trade development, and expanding the space for two-way investment cooperation, reflecting the country's determination to continue opening up and cooperation, which is welcomed by the international market. We believe that the grand blueprint of the central government's continuous promotion of high-quality development and high-level opening up to the outside world will bring more long-term investment opportunities for global investors. It is understood that since 2009, the Ministry of Finance has regularly issued sovereign bonds overseas for 17 consecutive years, including overseas RMB treasury bond bonds, US dollar sovereign bonds and euro sovereign bonds, in accordance with the country's overall plan to promote the opening up of the financial industry, and has continuously improved the overseas sovereign bond issuance mechanism. From 2009 to October 2025, the Ministry of Finance has cumulatively issued 427 billion yuan of treasury bond in Hong Kong; Since 2017, a total of 25 billion US dollars and 8 billion euros of sovereign bonds have been issued in Hong Kong. (New Society)