BEIJING - The Ministry of Finance said on Wednesday that it will issue this year's first batch of renminbi-denominated treasury bonds in the Hong Kong Special Administrative Region on March 13.

The scale of the bonds will be 12 billion yuan (about $1.69 billion), the ministry said.

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Specific issuance arrangements will be announced on the website of the Hong Kong Monetary Authority's Central Moneymarkets Unit, according to the ministry.