HONG KONG Yannick Ngakoue Jersey , 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 Myles Jack Jersey , 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 Dede Westbrook Jersey , 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 Dawuane Smoot Jersey , 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.

NEW DELHI Cam Robinson Jersey , Sept. 1 (Xinhua) — At least two people have been injured after a building collapsed in the Indian capital Friday evening, police said.

Several others are feared trapped under the debris of the building that caved in old Delhi’s crowded Sadar Bazaar area after hours of heavy rains.

“So far, two persons are injured. Rescuers have reached the spot and are looking for anyone trapped under the debris,” a senior police official said.

Local TV channels showed footage of at least eight fire tenders at the spot.

The building collapse in the national capital came a day after a five-storied building collapsed in Mumbai’s Bhendi Bazaar area Leonard Fournette Jersey , claiming the lives of 32 people.

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LONDON, June 16 (Xinhua) — A new waterfront home for Englishpremier league club Everton FC is the centerpiece of a bid byLiverpool to host the 2022 Commonwealth Games, officials in thecity announced Friday.

City hall bosses unveiled ambitious plans costing around 900million U.S. dollars to host the 2022 Commonwealth Games, stillseeking a venue after original hosts Taven Bryan Jersey , Durban, pulled out.

Central to Liverpool’s bid to stage the games is the riversideregeneration of the Bramley-Moore Dock - just a few kilometersnorth of the city center - which would be home to Everton FootballClub’s new stadium.

The city is also proposing to host swimming at a new 50 meterpool within the city center dock system, that would remain. Therewill be facilities for triple jump, long jump and pole vault on thedockside by Mann Island in the city center.

Cricket and Track Cycling would take place in Manchester at OldTrafford Cricket Ground and Manchester Velodrome Jacksonville Jaguars Hats , marking anexciting partnership with the two major cities of north westEngland.

Liverpool’s existing Arena and Convention Center would hostbadminton, artistic gymnastics, judo, netball and wrestling.

Anfield Stadium Jacksonville Jaguars T-Shirts , home of Liverpool FC, the city’s other PremierLeague club, would host the opening ceremony of the games as wellas the Rugby Sevens.

Meanwhile the historic St George’s Hall would host the squashfinals.

An athletes village would also be built alongside the newEverton stadium in the heart of a Unesco World Heritage Site.Enditem

HANGZHOU， July 27 (Xinhua) — Every month， Singaporean businessman Phua Soo Huat takes two days off from his own business to work as a mediator in commercial disputes concerning foreigners in Yiwu.

A small-commodity distribution center in east China’s Zhejiang Province， Yiwu receives over 400，000 overseas visitors each year. Some 15，000 people from over 100 countries live there.

Phua Soo Huat is among 16 foreign mediators from 15 countries in the city who help solve disputes involving foreigners.

In February 2015， a Pakistani businessman complained that a batch of plastic rings bought from a local seller were short in weight and demanded a full refund.

Phua， who planned to fly to Iran that night， immediately refunded his plane ticket. He explained to the complainant that the weight of the rings allowed for 1-percent error and suggested that the amount of the error be deducted from the refund and the two sides agreed on the refund.

During the past year， he has been involved in more than a dozen disputes. The key to successful mediation， he says， is patience， objectivity and relying on evidence.

Tirera Sourakhata from Senegal is also a part time mediator.

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