MoF to offer RMB bonds in Hong Kong

China’s Ministry of Finance (MoF) will make its first sale of renminbi-denominated bonds outside of mainland China next month, offering two, three and five year bonds to investors in Hong Kong, Dow Jones reported. The MoF said the two-year bonds will be issued to retail investors, the five-year bonds to institutional investors and the three-year bonds to both groups. The MoF said that the sale "provides a safe and prudent investment tool for Hong Kong investors, fosters the diversification of the yuan business in Hong Kong, and is expected to receive a warm welcome from investors." It also said HSBC and other banks will help with the sale, which will take place on September 28.