The Export-Import Bank of China, one of the country's three policy banks, announced that it will issue US$264 million worth of renminbi-denominated bonds in Hong Kong starting today, Financialnews reported (in Chinese). This is the second time a Chinese mainland financial institution has issued RMB bonds in Hong Kong. In June, China Development Bank issued US$660 million worth of bonds. The bonds will be evenly split between institutional investors and individuals. The duration of the bonds for individual investors is two years, while the bonds for institutional investors will have a duration of three years.