4 billion euros is just the beginning.

| gov.cn

Xinhua News Agency, Beijing, November 6th, by wire title: 4 billion euros is just the beginning

Xinhua News Agency reporter Liu Hongxia

On the 5th local time, the Chinese government successfully priced 4 billion euros of sovereign bonds in Paris, France. This is an important action taken by China to support the construction of an international financial center in Paris and to deepen China-France-China-EU financial cooperation.

The issuance of foreign currency sovereign bonds is an important way to integrate into the international financial market system. Whether bonds can be issued, how high interest rates are set, and whether they sell well or not are directly related to the financing credibility of a country.

We are pleased to see that the interest rate on this bond issue is divided into three tranches, between 0.618% and 1.078%, which is a relatively low level. What is even more gratifying is that after the bond issue, international investors quickly launched the "buy" model, with the purchase amount exceeding 20 billion euros, five times the amount issued, of which 57 percent of the investors came from Europe, with a wide range of investors. The geographical distribution is extensive.

This means that the cost of using the euro sovereign bond to finance in China will not be high. This also shows that the majority of international investors recognize China's sovereign bonds and are optimistic about China's economic prospects.

China's fiscal position is sound and its economy has been improving for a long time. At this time, the issuance of euro sovereign bonds can provide accessible and reliable financial products to international investors and inject fresh vitality and impetus into the European financial market.

It is worth noting that this is the first time that China has issued euro sovereign bonds since 2004, and it is also the first Chinese sovereign bond to be issued and listed in France, and it is also the largest single foreign currency sovereign bond issued by China so far. This fully reflects that China cherishes China-France-EU friendship and is willing to promote China-France-EU cooperation with a more open mind and pace.

4 billion euros is just the beginning. The door to China's opening up will only open wider and wider. It is conceivable that in the future, China will continue to make new and greater strides in opening up in various fields, including finance.

4 billion euros is just the beginning.

| gov.cn

Xinhua News Agency, Beijing, November 6th, by wire title: 4 billion euros is just the beginning

Xinhua News Agency reporter Liu Hongxia

On the 5th local time, the Chinese government successfully priced 4 billion euros of sovereign bonds in Paris, France. This is an important action taken by China to support the construction of an international financial center in Paris and to deepen China-France-China-EU financial cooperation.

The issuance of foreign currency sovereign bonds is an important way to integrate into the international financial market system. Whether bonds can be issued, how high interest rates are set, and whether they sell well or not are directly related to the financing credibility of a country.

We are pleased to see that the interest rate on this bond issue is divided into three tranches, between 0.618% and 1.078%, which is a relatively low level. What is even more gratifying is that after the bond issue, international investors quickly launched the "buy" model, with the purchase amount exceeding 20 billion euros, five times the amount issued, of which 57 percent of the investors came from Europe, with a wide range of investors. The geographical distribution is extensive.

This means that the cost of using the euro sovereign bond to finance in China will not be high. This also shows that the majority of international investors recognize China's sovereign bonds and are optimistic about China's economic prospects.

China's fiscal position is sound and its economy has been improving for a long time. At this time, the issuance of euro sovereign bonds can provide accessible and reliable financial products to international investors and inject fresh vitality and impetus into the European financial market.

It is worth noting that this is the first time that China has issued euro sovereign bonds since 2004, and it is also the first Chinese sovereign bond to be issued and listed in France, and it is also the largest single foreign currency sovereign bond issued by China so far. This fully reflects that China cherishes China-France-EU friendship and is willing to promote China-France-EU cooperation with a more open mind and pace.

4 billion euros is just the beginning. The door to China's opening up will only open wider and wider. It is conceivable that in the future, China will continue to make new and greater strides in opening up in various fields, including finance.





Li Keqiang meets French President Macron
Li Keqiang said that China and France are both permanent members of the UN Security Council and major economies in the world. During Mr. President's visit to China, President Xi Jinping had in-depth exchanges with you and achieved fruitful results....






WTO report focuses on the Development of Trade in Services
The Ministry of Commerce and the World Trade Organization (WTO) jointly released the Chinese version of the 2019 World Trade report at the Shanghai National Convention and Exhibition Center on the 6th. Zhang Xiangchen, China's permanent ambassador to...




Building the Institutional Foundation of China's long-term Stability-- the birth of the decision of the CPC Central Committee on upholding and perfecting the Socialist system with Chinese characteristics, promoting the Modernization of National Governance system and Governance capacity
On October 31, 2019, The fourth Plenary session of the 19th CPC Central Committee voted to adopt the "decision of the CPC Central Committee on upholding and perfecting the Socialist system with Chinese characteristics and promoting the Modernization...










Wei Fenghe meets with Chief of staff of Bangladesh Army
Wei Fenghe said: with the promotion of the leaders of the two countries, the strategic cooperative partnership between China and Bangladesh has been continuously consolidated and developed. China is willing to work with Bangladesh to actively...



Xi Jinping talks with French President Macron
Xi Jinping said: yesterday, you and I jointly attended the second China International Import Expo opening ceremony in Shanghai. Together in our speech, we sent a strong signal to the world that we firmly uphold multilateralism and free trade and build...



The Snow Dragon Brothers are about to meet for the first time.
The "Snow Dragon" polar research icebreaker arrived at the Anchorage outside the port of Hobart, Australia on the 6th, 4.5 nautical miles (about 8.3 km) away from the "Xuelong 2" which docked at Hobart Port on the 4th. The Snow Dragon plans to dock at...














Building the Institutional Foundation of China's long-term Stability-- the birth of the decision of the CPC Central Committee on upholding and perfecting the Socialist system with Chinese characteristics, promoting the Modernization of National Governance system and Governance capacity
On October 31, 2019, The fourth Plenary session of the 19th CPC Central Committee voted to adopt the "decision of the CPC Central Committee on upholding and perfecting the Socialist system with Chinese characteristics and promoting the Modernization...