China's Ministry of Finance will issue $ 2 billion in sovereign bonds in Hong Kong, which is the first time that China has made a US dollar sovereign bonds after 13 years and has not made a third-party rating. Wang Yi, director of the Finance Department of the Ministry of Finance, said that financing is not the main purpose of the issuance; after 13 years the Chinese Central Government re-issue of US dollar national debt has the consideration of guiding the market, and "assessing the future through the issuance of bonds". As there is no mandatory rating in Hong Kong, it is quite normal that the bonds are without rating.