China's issuance of its first euro-denominated sovereign bonds in Luxembourg is expected to boost China-Europe cooperation in finance, offer a new option for international investors to allocate their assets, and help Chinese firms to reduce overseas financing costs, according to bank executives. The Chinese Ministry of Finance announced on Wednesday that it has successfully issued euro-denominated sovereign bonds worth four billion euros (about 4.61 billion U.S. dollars) in Luxembourg on Tuesday. Of the total, the issuance of four-year bonds stood at two billion euros in value with a yield of 2.401 percent, and the issuance of seven-year bonds totaled two billion euros with a yield of 2.702 percent, the ministry said in a statement on its website. The bonds were warmly received by the market, with international investors subscribing enthusiastically. Total subscription reached 100.1 billion euros, 25 times the issuance amount. The issuance of the bonds has diversified the investor base in both geography and type, according to the finance ministry. By region, European and Asian investors accounted for 51 percent and 35 percent of total subscription, while Middle Eastern and offshore U.S. investors accounted for 8 percent and 6 percent, respectively. By investor type, sovereign institutions accounted for 26 percent of the investor base, while funds and asset management institutions, banking and insurance institutions, and dealers represented 39 percent, 32 percent and 3 percent, respectively. Nicolo Salsano, CEO for Europe at Standard Chartered, said he looks forward to a deepened trade partnership between China and Europe following the bond issurance. Shotlist: Luxembourg City, Luxembourg - Nov 19, 2025: FILE: Beijing, China - Date Unknown 1. Various of Ministry of Finance building; Luxembourg City, Luxembourg - Nov 19, 2025 2. Various of sign of Luxembourg Stock Exchange; 3. Various of China's EUR sovereign bonds issuance ceremony in progress; 4. SOUNDBITE (Chinese) Cao Jin, manager, Investment Banking Department, Bank of Communications (Luxembourg): "The successful issuance of the bonds closely links Euro funds with China's development needs, representing a successful practice in deepening China-Europe financial cooperation."; 5. SOUNDBITE (Chinese) Liu Wei, manager, Investment Banking Department, Bank of China (Luxembourg) Limited: "The Ministry of Finance's issuance of euro-denominated sovereign bonds in Luxembourg is aimed at improving the euro yield curve and enriching the asset allocation basket for international investors. This also provides an authoritative market pricing benchmark for subsequent issuance of euro sovereign bonds by Chinese enterprises in the European market, helping to reduce the overseas financing costs for Chinese companies."; FILE: China - Date Unknown 6. Aerial shots of city view, traffic; Luxembourg City, Luxembourg - Nov 19, 2025 7. SOUNDBITE (English) Nicolo Salsano, CEO for Europe, Standard Chartered: "The trade between China and Europe has gone from strength to strength over the last decades, with China being a key importer for Europe and obviously China also being a key export destination for European corporates. So the economic partnership is a huge importance for Europe and for China also and we certainly look forward to continued strength of that very important trade relation."; FILE: Luxembourg City, Luxembourg - July 2024 8. National flag of Luxembourg; 9. Various of pedestrians, buildings; FILE: Luxembourg City, Luxembourg - July 11, 2019 10. Various of national flag of Luxembourg, city view. [Restrictions: No access Chinese mainland]