2026-08-06
53 分钟Hello and welcome to World Today, I'm Ding Hen in Beijing.
Coming up, China's sovereign bank sale in Hong Kong raises more than 2 billion US dollars.
EU will transfer 1.4 billion euros in profits from frozen Russian central bank assets to Ukraine.
Iran and Oman are near a Hormuz deal, but uncertainties remain.
Defunct SpaceX rocket body crashes into the moon, kicking up dust.
To listen to this episode again or to catch upon on previous episodes,
you can download our podcast by searching for World Today.
First up.
China's Ministry of Finance has raised 15 billion yuan or more than 2.2 billion U.S.
Dollars through a sovereign bond auction in Hong Kong.
The sale was conducted on Wednesday this week for international institutional investors.
It gained an enthusiastic market response, achieving a 4.67-bit cover ratio.
It is marking the fourth trench of the Chinese central government's
84 billion yuan sovereign bond program approved for the year.
The sale came shortly after Hong Kong launched the China government bond futures
contract designed to help global investors to hedge against the mainland bond market risks.
So for more, joining us now on the line is Dr. Yao Shujie, Changkung Professor of Economics with Chongqing University.
Thank you very much for joining us, Professor Yao.
You are welcome.
So first of all, how would you explain the strong performance of Wednesday's bond auction?