TOPIC

Bonds

Bonds
Bond market action from around the world with a focus on Dim Sum debt and dollar bonds issued by Chinese firms.
The MTR Corp’s 30-year US dollar note is the largest from a Hong Kong corporate issuer in more than two decades, according to the railway transport operator. Photo: Edmond So
Banking & finance

Hong Kong’s MTR Corp raises US$3 billion from its largest public bond sale

The deal comes amid a buoyant Asian bond market as risk sentiment remains steady ahead of further US trade tariffs, according to analysts.

Hong Kong budget 2025-26

Opinion | How Hong Kong can dig itself out of recurring deficits

Central banks

China bonds’ biggest bull run in a decade stumbles as stocks take over

Hong Kong economy

HK$150 million subsidy to help 2,500 graduates in Hong Kong construction

Scheme aligns with government’s intention to boost capital works expenditure over next five years.

Professor Thomas Ho (left), chairman of the Construction Industry Council, with executive director Albert Cheng. The council revealed HK$150 million would be allocated for companies training and retaining 2,500 graduates within the sector. Photo: Dickson Lee
Ukraine war

European bond yields expected to rise along with military spending

‘We’re not talking small numbers here,’ BNP Paribas executive says.

China property

Chinese developer Longfor’s bonds sink deeper into junk territory

Downgrade comes as developers continue to struggle with lacklustre buyer sentiment despite recent support measures.

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Baidu

China’s Baidu to issue yuan bonds as US$600 million debt due

The search-engine firm last month reported a 2 per cent decline in quarterly revenue and faces intensifying competition in the AI arena.

Baidu’s offices in Beijing are pictured on February 18, 2025. Photo: AFP
Banking & finance

Hong Kong boosts yuan hub status by expanding bond collateral initiative

HKMA unit CMU OmniClear and HKEX sign MOU to enhance the post-trade securities infrastructure of Hong Kong’s capital markets.

Hong Kong economy

Western countries would envy Hong Kong’s financial position, experts say

Economists highlight city’s huge reserves at a panel discussion at Post’s Redefining Hong Kong Series 2025: Budget Edition forum.

Hong Kong economy

Financial stability above all: Paul Chan on tackling geopolitical tensions

Hong Kong will press on with Northern Metropolis project and push for development of AI, finance chief Paul Chan pledges at Post budget forum.

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Finance Chief Paul Chan speaking at the Redefining Hong Kong Series 2025, held at the JW Marriott Hotel on Monday. Photo: Jonathan Wong
Banking & finance

Macroscope | Why dangerous debt dynamics aren’t catching up with economic policy

As stock markets play a disproportionately large role in influencing the fortunes of economies, a correction could be on the horizon.

A trader works on the floor of the New York Stock Exchange shortly before the closing bell on February 25, 2020. Photo: Reuters
Yuan

Panda-bond market size tops Japan’s samurai bonds as China conditions improve

Panda bonds help foreign firms in China raise capital by targeting domestic investors, and issuance is on the rise.

Hong Kong budget 2025-26

Hong Kong budget 2025: 13 things you need to know

Key takeaways from Paul Chan’s latest financial blueprint and how they will affect you.

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Banking & finance

HSBC to raise US$1.5 billion in perpetual convertible bonds

The bonds will be issued on Thursday and carry an interest rate of 6.95 per cent a year.

Pedestrians walk past a lion statue outside HSBC’s Hong Kong headquarters. Photo: Elson Li
Hong Kong economy

Explainer | How big is Hong Kong’s debt? The Post unpacks the city’s bond financing

Experts have called for the government to issue more bonds for infrastructure investment ahead of Paul Chan’s budget speech.

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Many experts have called for the government to bolster the city’s dwindling reserves by issuing more bonds to fund infrastructure investment. Photo: Dickson Lee
Banking & finance

Asian infrastructure bank raises US$549 million in Hong Kong dollar bond sale

AIIB issuance attracts investors domestically and across Asia-Pacific, with final order book reaching HK$9 billion and more than 25 orders.

Banking & finance

Interest in offshore yuan bonds is expected to increase, CICC says

China’s Ministry of Finance sells US$1.7 billion worth of bonds in Hong Kong on Wednesday.

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Banking & finance

Hong Kong playing ‘crucial’ role in yuan’s internationalisation: officials

Already the world’s biggest offshore yuan hub, city’s role will increase as liquidity and uses expand, officials and experts say.

A man crosses a footbridge in front of the Bank of China Tower in Central on January 6, 2025. Photo: Jelly Tse
China property

China property crisis: Hong Kong court orders Evergrande, HNA units to liquidate

Tianji Holding and HNA Group (International) have become the latest casualties in the mainland’s distressed property sector.

Banking & finance

Hong Kong to enhance markets, gateway role in trade, officials pledge

City aims to capitalise on emerging trade corridors and be gateway to mainland China, say treasury and central bank chiefs.

China property

China’s land buy-backs to help developers must accelerate: analysts

Only a handful of Chinese cities have disclosed such purchases so far, many of them at a small scale.

An unfinished residential compound developed by China Evergrande Group stands on the outskirts of Shijiazhuang, Hebei province, on February 1, 2024. Photo: Reuters
China property

Chinese developer Greentown to issue US$350 million bond to refinance debt

Greentown said it would use the proceeds to refinance its debt and use cash to buy some of its outstanding notes.

Greentown China’s website. Photo: Shutterstock Images
Banking & finance

China central bank issues US$8.2 billion in bills in Hong Kong to stabilise yuan

Move is the latest in a series by China’s central bank that support Hong Kong’s status as a global hub for offshore yuan business.

Hong Kong economy

Editorial | Allowing repurchase agreements gives Hong Kong the edge on last mile

New “Repo Connect” reform demonstrates mainland support for the city and internationalisation of the yuan.

China property

China Vanke secures US$383 million lifeline from top shareholder

The developer is transferring an 18 per cent stake in its property management unit Onewo as collateral.

China Vanke has forecast a record loss of 45 billion yuan for 2024. Photo: Simon Song
Banking & finance

Investors keen on using onshore Chinese bonds as repo collateral in Hong Kong

A repo is a short-term borrowing transaction to sell securities and repurchase them later at a slightly higher price.

Looking across Victoria Harbour in Hong Kong. Photo: Yik Yeung-man
China economy

Opinion | China’s local government financing vehicles are a ticking debt bomb

Amid infrastructure drive, shadowy LGFVs, which let local governments circumvent borrowing limits, risk triggering a debt-fuelled bust.

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China property

Chinese developer Sino-Ocean’s debt plan wins court approval in UK

The outcome potentially paves the way for the company to prevail in a liquidation lawsuit in Hong Kong later this month.

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