Dec. 13 (Bloomberg) -- China Longyuan Power Group Corp. hired five banks to help arrange a planned sale of yuan bonds in Hong Kong, according to a person familiar with the matter.

The sale may take place as early as this week, the person said, asking not to be identified as details are private. Industrial and Commercial Bank of China (Asia) Ltd., China Development Bank Corp., Agricultural Bank of China Ltd., Bank of Communications Co. and UBS AG have been hired to arrange the sale, the person said.

China Longyuan is holding one-on-one meetings with investors in Hong Kong today and tomorrow, the person said.