Core Viewpoint - The Ministry of Finance successfully issued the third phase of 125 billion RMB government bonds for 2025 in Hong Kong, attracting significant interest from institutional investors with a subscription multiple of 3.96 times [1] Summary by Categories Bond Issuance Details - The issuance included 35 billion RMB of 2-year bonds with an interest rate of 1.49% - 30 billion RMB of 3-year bonds were issued at an interest rate of 1.52% - 30 billion RMB of 5-year bonds were issued at an interest rate of 1.60% - 30 billion RMB of 10-year bonds were issued at an interest rate of 1.75% [1]