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HONG KONG, Oct. 27 (Xinhua) -- Sale of China's first U.S. dollar-denominated debt in 13 years indicates China will further open up its finance sector, said Chinese Vice Finance Minister Shi Yaobin here on Friday.


Demand for the sovereign notes climbed to 11 times of the offering size on Thursday. The strong demand allowed pricing of the 2 billion U.S. dollars in bonds to go under initial guidance Cheap Jaylen Brown Jersey , meaning China could raise funds at lower cost.


But external financing is not the purpose as the offering was small, Shi said.


Choosing Hong Kong as the venue to float the bonds indicates the central government's solid support for Hong Kong in bolstering its role as international financial center, he noted.


It can also create interest-rate benchmarks for the mainland's enterprises to raise funds in global bond markets, according to Shi.


The issuance can also help international investors to better know Cheap Jayson Tatum Jersey , understand and invest in China, he said.


With strong demand, the five-year bonds were priced to yield 2.196 percent, or just 0.15 percentage point over comparable U.S. Treasury notes. The 10-year bonds were priced to yield 2.687 percent Wholesale Boston Celtics Jerseys , or 0.25 percentage point above Treasury yields.


Though the bond sale had no rating, the interest rates were equivalent to those with triple-A sovereign rating, he said.


The successful floating of the bond indicates investors' positive prospects for China's economic growth and financial stability, Shi said.


China will unswervingly boost further opening-up of the financial sector and explore to build a long-term mechanism for selling sovereign bonds denominated in foreign currencies Cheap Boston Celtics Jerseys , he noted.


The previous such sales were made in October 2004, when the country raised a total of 1.7 billion U.S. dollars by issuing dollar- and euro-denominated bonds with maturities of five and 10 years.

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BERLIN, Nov. 2 (Xinhua) -- Borussia Dortmund advanced into the knockout stages after edging Sporting 1-0 owing to the goal from Adrian Ramos at the fourth round of Champions League' s group stage on Wednesday.


The ""BVB"" progressed into the round of last 16 ahead of schedule as Thomas Tuchel' s men defended their top spot in Group F with the 1-0 victory over Sporting on home soil.


From the start, both sides staged an offensively minded performance. Thus, it took only twelve minutes before the opener was marked. The hosts broke the deadlock through Adrian Ramon, who headed home Matthias Ginter' s cross into the box.


In the 27th minute Sporting reaped their first promising opportunity but Dortmund goalkeeper Roman Buerki saved Glenson Martins' shot on target. The Sporting striker was in the thick of things moments later when defender Marc Bartra blocked another shot on target.


However, the hosts should have added another goal to their lead in the 34th minute as Christian Pulisic rattled the woodwork following a combination via Mario Goetze.


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