The Export-Import Bank of China plans to issue yuan bonds in Hong Kong this year, president Li Ruogu says. 'We have submitted the application for the bond issue,' he says. Mr Li declines to reveal how much it wants to raise from the sale. In August last year, the policy bank sold two billion yuan in bonds in Hong Kong, which drew strong investor demand. 'Selling bonds in Hong Kong could expand our sources of funding,' Mr Li says. He says Exim Bank aims to improve its business structure and operations through reorganisation, adding it has no immediate plans to go public.
