Mainland China set to raise US$2.2b in Hong Kong bond sale amid demand for yuan assets

Mainland China's Ministry of Finance plans to issue 15 billion yuan ($2.2 billion) in sovereign bonds in Hong Kong next week, its third issuance this year, to strengthen Hong Kong's role as the world's largest offshore yuan trading hub. Analysts anticipate strong demand due to the yuan's appreciation and international investors seeking portfolio diversification amid geopolitical tensions.