Ministry to issue treasury bonds in HK

The Ministry of Finance will issue this year's third batch of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region on June 16. The scale of the bonds will be 15 billion yuan ($2.2 billion), according to a statement released by the ministry. Specific issuance arrangements will be announced on the Hong Kong Monetary Authority's Central Moneymarkets Unit website, according to the ministry.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 17 pips to 6.8130 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

XINHUA-CHINA DAILY