Finance Minister Michael de Jong travels to China today to build bilateral relations, explore new trade and finance opportunities, and promote British Columbia’s stable economic story.
From Dec. 2 – 5, 2015, de Jong will meet with government officials and financial institutions in Beijing to continue discussions on B.C. entering the onshore Renminbi (RMB) bond market.
In 2013 and 2014, the Province became the first sovereign to enter the offshore RMB bond market, raising nearly C$1 billion with the two bonds.
The estimated travel and accommodation cost for the minister and his chief of staff is approximately $9,500. Information on final costs will be made available.
Finance Minister Michael de Jong –
“Developing and maintaining our relationships in Asia is vital to the prosperity of British Columbia, now and in the future. Our interest in the domestic Renminbi market is a clear indication of the importance we place on our relationship with China, and its success would mark another significant milestone in B.C.-China relations.”