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|HONG KONG Nike Vapormax Bleu Pas Cher , 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, 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 Nike Vapormax Noir Pas Cher , 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, understand and invest in China, he said.
With strong demand Nike Vapormax Pas Cher , 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, 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 Nike Presto Ultra Flyknit Pas Cher , 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, 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.
WASHINGTON Nike Presto SE Woven Pas Cher , Sept. 22 (Xinhua) -- An internal probe has been opened into Health Secretary Tom Price over his private jet travel on official government business.
The Office of Inspector General at the U.S. Department of Health and Human Services (HHS) said on Friday it is investigating the private jet travel of the agency's chief Price, who flew on a total of 24 private flights since early May including five domestic flights last week.
The travel, which is estimated to cost U.S. taxpayers' tens of thousands of dollars per flight, has drawn widespread criticism from Democratic lawmakers.
The chartered jets did not explicitly violate government regulations Nike Presto Safari Pas Cher , but that past health secretaries have typically flown commercially, especially when travelling domestically, according to a The Politico report.
"The Office of Inspector General] is conducting a review of Secretary Price's federal travel using chartered aircraft. A statement issued Friday from Tesia Williams, a spokesperson for HHS Inspector General Daniel Levinson said.
"The review focuses on whether the travel complied with Federal Travel Regulations Nike Presto QS Pas Cher , but may encompass other issues related to the travel," said the statement.
Price has frequently criticized government waste since his appointment as health secretary and during his tenure in the House of Representatives, where he once chaired the House Budget Committee, according to an ABC news report.
One day earlier Nike Presto Noir Pas Cher , Democratic ranking members of five congressional committees sent a letter to Levinson to request a review of Price's observance of departmental rules.
The news came one week after Treasury Secretary Steve Mnuchin faced an inquiry by the Treasury Department's inspector general over a request to use a government airplane to travel to his European honeymoon this summer. Mnuchin's official trip to Kentucky during August's solar eclipse is also being reviewed.
Mnuchin dropped the honeymoon travel request but later defended it as in the interest of "national security" so he would have a secure line of communication.
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