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China issues 4 billion yuan in green sovereign bonds in Toronto

The Ministry of Finance issued the bonds on behalf of the central government.

China issued 4 billion yuan in green sovereign bonds in Toronto on November 9. A ceremony for the issuance took place at the Toronto Stock Exchange the following day.

Author: Робот Source: Ministry of Finance of China

Participants at the ceremony for China’s green sovereign bond issuance in Toronto
The ceremony for China’s green sovereign bond issuance at the Toronto Stock Exchange. Illustrative photo. Photo: – Wladyslaw [Disk.] / Wikimedia Commons, CC BY-SA 3.0

China’s Ministry of Finance issued 4 billion yuan in green sovereign bonds in Toronto, Canada, on November 9 local time, on behalf of the central government.

A ceremony was held at the Toronto Stock Exchange on the morning of November 10. China’s Vice Minister of Finance Liao Min attended and delivered remarks.

Liao said the first issuance of yuan-denominated green sovereign bonds in Canada was an important step in implementing key understandings reached in January this year by Chinese President Xi Jinping and Canadian Prime Minister Mark Carney, as well as the outcomes of the second China-Canada Economic and Financial Strategic Dialogue.

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He said the issuance demonstrated China’s resolve to pursue green, low-carbon development and high-level opening-up. It also reflected the willingness of China and Canada to strengthen economic and financial dialogue and deepen practical cooperation.

Participants included Robert Sample, Assistant Deputy Minister of Finance of Canada; Cheng Hongbo, acting Consul General of China in Toronto; Bank of China Vice President Yang Jun; Jim Bird, Global Head of Macro Products at RBC Capital Markets; and representatives of Canadian banks, underwriters and international investors.

Translated from Chinese using artificial intelligence. Source: Ministry of Finance of China

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