Hong Kong's financial hub remains strong, as the Hong Kong Monetary Authority (HKMA) reports high demand for its 3-year RMB government bonds. The tender attracted a bid-to-cover ratio of 7.21, indicating robust investor interest. The bonds, issued under the Infrastructure Bond Programme, carried a coupon rate of 2.13% and an average price of 100.54, yielding an annualized return of 1.953%. This result highlights Hong Kong's strategic position as a leading financial center in RMB internationalization.

Source: https://Blockchain.News/news/hong-kong-monetary-authority-3-year-rmb-bond-tender-results