On June 4, the Ministry of Finance issued the third batch of RMB-denominated treasury bonds for 2025 in the Hong Kong Special Administrative Region, with a total value of 12.5 billion yuan. The bonds, open to institutional investors through public tender, were well received by the market, seeing a subscription ratio of 3.96 times. The issuance includes 3.5 billion yuan in 2-year bonds at an interest rate of 1.49 percent, 3 billion yuan in 3-year bonds at 1.52 percent, 3 billion yuan in 5-year bonds at 1.60 percent, and 3 billion in 10-year bonds at 1.75 percent.