China has picked Saudi Arabia as the venue for its first sale of US dollar sovereign bonds in three years, underlining its backing for the oil-rich kingdom’s bid to become an investment hub.
China’s State Council, or cabinet, approved the issuance of up to $2bn in dollar debt in Riyadh next week, the country’s finance ministry said on Tuesday, with details to be announced later.
Beijing has traditionally issued US dollar bonds in Hong Kong. The choice of Saudi Arabia for this new issuance is symbolic of the deepening financial ties between the two countries.
您已閱讀19%（562字），剩余81%（2423字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。