On November 18, China's Ministry of Finance issued 4 billion euros of sovereign bonds in Luxembourg (the first such issuance there), with 2 billion euros for 4 years (2.401% yield) and 2 billion euros for 7 years (2.702% yield). Total subscriptions hit 100.1 billion euros (25x the issuance), and the 7-year bonds saw 26.5x subscriptions.

Investors spanned Europe (51%), Asia (35%), etc. All bonds are custodied in Hong Kong’s CMU and will list in Hong Kong and Luxembourg. The CECC President Mrs. XIE Zhujun was invited to the event.

Article links:

https://mp.weixin.qq.com/s/jAOsmp3by_e92-_-UteVNw

https://mp.weixin.qq.com/s/SlJBPksV2AbRWpy80ufOtA

https://www.financialnews.com.cn/m/2025-11/21/content_437850.html