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Bonds

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE

HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

China unveils debt-relief plan, keeps further stimulus salvo in reserve arsenal

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China to unveil fiscal stimulus plans, but may hold fire until 2025: analysts

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China’s developers borrow more to satiate their thirst for funding

Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.

A general view of a residential housing complex under construction in Huaian in eastern China’s Jiangsu province on October 17, 2024. Photo: AFP

Why is China planning to issue US dollar bonds in Saudi Arabia?

The Ministry of Finance says it will sell up to US$2 billion of notes in Riyadh next week.

Hong Kong’s financial war chest posts record gain of US$28.8 billion

Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.

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China’s central bank holds steady with 200 billion yuan net bond purchase

Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.

The People’s Bank of China building in Beijing. Photo: Kyodo

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

China may fix fiscal spending shortfall next week, policy adviser says

Central bank policy adviser Wang Yiming says China has a funding gap of around 1.5 trillion yuan (US$210 billion).

Hong Kong to issue HK$10 billion in bonds for ‘landmark’ Airport City project

Fred Lam, the Airport Authority’s chairman, says project not just a ‘bus stop’ but one to drive tourists to Hong Kong.

The Airport City project includes 11 SKIES, an integrated retail, dining and entertainment complex scheduled to open in phases from the second half of 2025. Photo: Jelly Tse

2 trillion yuan fund could offer China’s stock market ‘instant’ lift: think tank

Institute of Finance and Banking under the Chinese Academy of Social Sciences says the fund would enhance the stability of the capital market and promote steady growth.

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People cross the street near a large screen showing the latest economy and stock exchange data in Shanghai. Photo: EPA-EFE

Hong Kong’s Paul Chan touts use of bonds to fund public works in Apec speech

Financial secretary meets counterparts at Apec gathering in Peru, ahead of trip to US.

Exclusive | Why China ‘absolutely’ needs 10 trillion yuan in stimulus to revive economy

Go big or bear the risk of watching China’s economy fall off a cliff, says prominent head of fiscal academy associated with Ministry of Finance.

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Major Chinese developers see sales uptick in September bolstered by stimulus

Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.

People passed a Country Garden development in Foshan, China. Photo: Bloomberg

Fewer Hong Kong seniors buy Silver Bonds in latest US$6.4 billion sale

Investors bid to buy 1.4 times more bonds than the government offers, but application numbers and total bid amount decline from last year.

People exercise in Victoria Park in Causeway Bay on October 20, 2022. Photo: Sam Tsang

Hong Kong’s MPF makes US$19 billion in first 9 months fuelled by market rally

Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

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China’s fiscal package needs to be sizeable to maintain momentum: economist

Leading Chinese economist Mao Zhenhua says China should consider issuing additional long-term treasury bonds following last week’s raft of measures.

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Hong Kong’s latest Silver Bond sale starts strong

As interest rates have begun to fall, the guaranteed 4 per cent yield of the US$6.4 billion in bonds looks better by comparison.

Elderly residents rest in a park in Cheung Sha Wan, Hong Kong on August 16, 2023. Photo: Jelly Tse

HKMA wants to continue developing Greater Bay Area, expand connect schemes

The de facto central bank will work with mainland authorities to develop the Greater Bay Area and expand cross-border trading, CEO Eddie Yue says.

China’s all-out action plan could gather pace with fiscal loosening: analysts

Analysts suggest China could sell at least 1 trillion yuan (US$142 billion) of special treasury bonds and lift its budget deficit ratio.

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China’s NDRC urges firms to use Hong Kong for financing needs

Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.

General view of Hong Kong from HKMA headquarters at IFC, Central. Photo: May Tse

China’s Sino-Ocean gets liquidation reprieve amid ‘some progress’ on debt

Hong Kong court adjourns hearing until December 23 as developer plans parallel restructuring efforts in the city and the UK.

A view of Hong Kong’s High Court in Admiralty. Photo: Warton Li

Explainer | China’s 100-billion-yuan question: does government bond purchase shift policy?

Speculation is rife on what a US$14 billion treasury bond buy means for China’s money-supply mechanism, and whether the rare move equates to quantitative easing.

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Hong Kong banks trim prime rates halfway after Fed’s bold slash

For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.

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Hong Kong, Macau to link bond markets to foster debt finance growth

The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.

Tourists at the Ruins of St. Paul, one of the iconic tourist attractions in Macau, on 3 July 2024. Photo: Elson Li.

China’s stealthy yuan support ebbs, denting hot hedge fund trade

A lucrative trade that helped hedge funds ratchet up profits on Chinese debt instruments is starting to lose its charm, analysts say.

Chinese state banks had been using foreign-exchange obtained in the swaps market to support the yuan in spot trading. Photo: Shutterstock

Hong Kong HK$50 billion Silver Bonds issue a ‘win-win investment’: Paul Chan

Financial Secretary Paul Chan says bonds will offer elderly residents a safe and reliable place to park their money.

Macroscope | Bond boom a sign of reality catching up with bubbly stock markets

The recent skittishness of equities is undermining global investors’ confidence and driving them to seek safety in bonds.

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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
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