China issues RMB bonds in Hong Kong on November 30, 8 billion yuan worth in total. Within that, 5 billion is targeted at institutional investors, while the remaining 3 billion will be sold over the counter to individual investors. And everyone is trying to get a piece of the action.

It's the second time the Ministry has issued renminbi treasury bonds in Hong Kong.

A total of 5 billion yuan set aside for institutional investors is made up of 2 billion in three-year T-bonds, 2 billion in five-year bonds and 1 billion in 10-year bonds. And 3 billion yuan worth for individual investors are of two-year bonds.

Li Yong, Deputy Minister of Ministry of Finance said "It's wise for Hong Kong residents to invest in renminbi-denominated products, as the renminbi T-bonds is a very stable investment. Besides, it helps us to build a benchmark market price."

Analysts say renminbi T-bonds are very popular among investors. This month, China Development Bank's renminbi bonds in Hong Kong are over subscribed.

Professor Zhong Wei, Beijing Normal University said "I'm sure the T-bonds will be over-subscribed. Billions of renminbi are saved in Hong Kong at present, and it's possible that around 500 billion yuan are floating in the market. So the subscription volume will be large."

Officials from the ministry say renminbi T-bonds in Hong Kong help promote the internationalization of the currency.

The ministry issued 6 billion yuan worth of these bonds in Hong Kong last year, and they proved to be very popular.