TOPIC

Bonds

Bonds
Bond market action from around the world with a focus on Dim Sum debt and dollar bonds issued by Chinese firms.
last updated:
9 September, 2024
The People’s Bank of China headquarters in Beijing. Photo: Kyodo
China's economic recovery

China’s central bank suspends bond purchases amid record low yields

Analysts say decline in China’s 10-year bond yield last year put pressure on yuan-US dollar exchange rate.

videocam
4
Banking & finance

Hong Kong’s airport authority raises US$2.4 billion from historic bond issuance

Banking & finance

Goldman sees buying opportunity in bonds of Chinese firms on US military list

Banking & finance

Opinion | How Macau’s rise as financial hub opens doors for Hong Kong

With its robust financial institutions and broad pool of investors, Hong Kong can play a vital role in incubating Macau’s financial market.

videocam
The sun sets on Sai Van Bridge in Macau on December 18. Although there is no stock exchange in Macau, the city has authorised two financial asset exchange platforms. Photo: Eugene Lee
US-listed Chinese stocks

Miniso issues US$550 million of debt for global expansion, share buy-backs

The Chinese retailer has been ramping up its overseas expansion efforts in a bid to create a global network of 40,000 stores.

videocam
Banking & finance

China hits record panda bond issuance in 2024, with analysts bullish for 2025

With more yuan-denominated panda bonds issued last year than any other, analysts expect even bigger numbers in 2025.

Advertisement
Advertisement
Advertisement
Insurance

Hong Kong appetite for catastrophe bonds grows as Taiping Re enters market

Latest deal brings total issuance in Hong Kong to US$748 million since insurance-linked securities were made possible in 2021.

An aerial view shows damage to properties in Florida, in the wake of Hurricane Helene in October 2024. Photo: Reuters
Banking & finance

Hefty fines reflect resolve of China’s central bank as bond yields plunge

Three institutions are slapped with multimillion-dollar penalties for bypassing regulatory requirements – the first such action taken after PBOC warnings this year.

Macau

Bond listings in Macau hit record, stronger growth seen in 2025

Bonds issued and listed on the Chongwa (Macao) Financial Asset Exchange surged 46 times this year compared with US$600 million in 2018.

videocam
China economy

China bond bulls relish market in 2025 as worries about economy persist

Some brokerages believe yield on 10-year government bond could fall below 1.5 per cent in 2025.

Ebullience in China’s bond market is likely to continue into 2025. Image: Shutterstock Images
United States

Macroscope | Trump vs the Fed: why 2025 could be the year things get ugly

The Fed is making it clear that Trump’s policies come at a price, one that he might be unwilling to pay if inflation rises more sharply.

videocam
Donald Trump, then US president, looks on as Jerome Powell, his nominee to lead the Federal Reserve, speaks at the White House in Washington on November 2, 2017. Photo: Reuters
Banking & finance

NWD to focus on corporate strategy as stock slides amid debt crisis

The company’s shares slipped 6.7 per cent to HK$5.27 on Wednesday, bringing the slide this year to 55 per cent.

Banking & finance

China’s record-low government bond yields spark fresh warning from central bank

Institutions are being warned as bearish investor sentiment, and an expectation of lower interest rates, continue to make the bond market a sought-after haven.

videocam
5
HKEX

Foreign investors gain new collateral options for China bond trades in January

The move provides flexibility to international investors and promotes yuan internationalisation, says bourse operator HKEX.

Exchange Square in Central, home of bourse operator Hong Kong Exchanges and Clearing. Photo: Xiaomei Chen
Hong Kong economy

Opinion | Bond sale shortfall, ballooning deficit early warning signs for Hong Kong

The weak response to a government bond sale and deficit woes should spur leaders into urgent, resolute action.

videocam
Financial Secretary Paul Chan, centre, leads a delegation during a visit to the Northern Metropolis on November 29. Photo: Handout
Banking & finance

Hong Kong US$2.7 billion infrastructure bond offering is undersubscribed

The offering sees underwhelming investor demand, missing expectations.

China economy

Macroscope | Fears of China’s ‘Japanification’ are overblown

While low yields might be a symptom of Japanification, evidence shows bond markets are on China’s side.

videocam
Advertisement
Advertisement
Advertisement
China economy

China’s 10-year bond yield slumps to record low, pressuring yuan

‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.

The slump in bond yields complicates the central bank’s task of stabilising the yuan, which now faces more depreciation pressure. Photo: Shutterstock
China property

China property market faces long recovery road despite debt-plan progress

Sino Ocean and Shimao debt plans inch ahead in ‘positive signal’, but true recovery is still far off given structural issues, analysts say.

China property

Sunac sells stake in Harbin Ice and Snow World Park for US$138 million

The divestment comes amid Sunac’s efforts to restructure about US$2 billion in onshore debt.

Blockchain

Hong Kong offers grants to boost tokenised bond issuance

The city’s de facto central bank is handing out up to HK$2.5 million in subsidies per issuance to qualified tokenised-bond issuers.

The HKMA plans to hand out subsidies to qualified companies to boost tokenised-bond issuances in the city. Photo: AFP
Xiongan New Area

Xi Jinping’s ‘city of the future’ logs record quarter for construction financing

Five batches of ultra-long special bond sales raked in several billion yuan for the Xiongan New Area, as development of ambitious megacity speeds up.

videocam
Hundreds of billions of yuan have been invested in the Xiongan New Area’s construction, including roads, residential blocks, schools, hospitals and a high-speed railway station. Photo: Xinhua
Interest rates

Hong Kong’s infrastructure bond offering excites retail investors

This is the second retail bond offering following last month’s HK$50 billion Silver Bond sale under the city’s new infrastructure bond framework.

videocam
United States

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

videocam
5
Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

The net proceeds from Alibaba Group Holding’s latest bond offering will be used for general corporate purposes, including repayment of offshore debt and share buy-backs. Photo: Shutterstock
Banking & finance

Hong Kong urged to boost capital flow with mainland for global market access

Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.

Norman Chan Tak-lam, the former CEO of the Hong Kong Monetary Authority. Photo: Xiaomei Chen
Banking & finance

Explainer | What makes China’s ultra-long ‘special bonds’ so special?

China has only issued its ultra-long-term government bonds in special circumstances – here’s why this year qualifies.

videocam
Alibaba

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
loading