Year-ender: Major financial news of China
chinadaily.com.cn |
Updated: 2019-12-23 06:40
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China issues 4 billion euros in sovereign bonds
China issued 4 billion euros ($4.4 billion) in sovereign bonds in France, the nation's largest foreign-currency-denominated bond offering ever on Nov 5.
The issuance is China's first euro-denominated sovereign bond offering in 15 years and it is a significant move to support Paris in its effort to build itself into an international financial center.
The move also will encourage investment of more funds from Europe in Chinese government and corporate sectors, according to market participants.
