SovereignBond, in English, refers to bonds issued by government-supported institutions, which are government bonds issued by governments (mostly developing countries) in foreign currencies (such as US dollars, euros and other major currencies) in the international market. Dollar sovereign bonds, as the name implies, are government bonds issued by other governments in dollars in the international market.

The issuer of sovereign bonds is the government, which refers to the bonds issued by the financial department of the government or other institutions entrusted by the government in the name of the government to raise funds, mainly including national debt and public bonds. Generally speaking, treasury bonds are issued by the Ministry of Finance to make up for the imbalance of fiscal revenue and expenditure. Public debt is mainly a kind of bond issued to raise construction funds. Sometimes they are also collectively referred to as public debt. Bonds issued by the central government are central sovereign bonds, also known as state bonds; Bonds issued by local governments are local sovereign bonds, also known as local government bonds.

Recently, the Ministry of Finance announced that, with the approval of the State Council, the Ministry of Finance will issue US$ 4 billion sovereign bonds to institutional investors in global financial markets in the Hong Kong Special Administrative Region on 20021,1and 19, with terms of 3 years, 5 years, 10 and 30 years respectively.

The US dollar sovereign bonds issued by the Ministry of Finance are expected to win the favor of international investors. First of all, the resilience of China's economic development continues to show: with the support of a series of government policies, China's economy has maintained a steady recovery despite the negative impact of local repeated epidemics. Secondly, China's emerging economy is booming. Thirdly, China's macro-control policies have been relaxed to a certain extent, and there is a large room for future policy control: in the future, the government's macro-control will emphasize cross-cycle adjustment, increase support for the real economy, and enhance the internal driving force of economic development. Finally, China's financial market continues to open to the outside world: the bond markets of the Mainland and Hong Kong cooperate with each other, providing additional channels for the Mainland to participate in international market investment and steadily promoting the two-way opening of China's financial market.