Hong Kong, China
Market Watch
| Close of May 26, 2023 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 3.677 | 0.0 | ▼ 7.8 | ▼ 50.4 |
| 5 Year | 3.696 | 0.0 | ▲ 15.1 | 0.0 |
| 10 Year | 3.510 | 0.0 | ▲ 13.7 | ▼ 13.5 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| HKD per USD | 7.834 | ▲ 0.0 | ▼ 0.2 | ▼ 0.4 |
| HKD per JPY | 0.056 | ▲ 0.4 | ▲ 1.6 | ▲ 6.4 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D HIBOR | 3.492 | 0.0 | ▼ 147.3 | ▲ 25.8 |
| 3M HIBOR | 4.994 | 0.0 | ▼ 5.1 | 0.0 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (1-Jan-1970) |
Previous Rate (1-Jan-1970) |
YTD Rate |
|
| No data available for this market | ||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | AA+ | stable | 2021-11-16 | |
| Non-Regional Rating Institutions | ||||
| Fitch | AA- | stable | 2022-04-07 | |
| S&P | AA+ | stable | 2020-09-30 | |
NEWS HIGHLIGHTS
- No respite seen for HSI after May slump
- Inflation in city edges up in April
- New index tracks state enterprises
- Consumer Price Indices for April 2023
- e-HKD pilots to test six categories
Read full index for News and Commentary
BOND ISSUANCES
- Exchange Fund Bills Tender Results for 23 May 2023
- Exchange Fund Notes Tender Results for 23 May 2023
- Tender results of the 1-year HONIA-indexed Floating Rate Notes under the Institutional Bond Issuance Programme
- Exchange Fund Bills Tender Results for 16 May 2023
- Exchange Fund Bills Tender Results for 9 May 2023
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Breakdown of LCY Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Trading Volume
- Bonds Turnover Ratio
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
- Green Bonds Issuance
- Green Bonds Outstanding
- Social Bonds Issuance
- Social Bonds Outstanding
- Sustainability Bonds Issuance
- Sustainability Bonds Outstanding
- Sustainability-linked Bonds Issuance
- Sustainability-linked Bonds Outstanding
- Transition Bonds Issuance
- Transition Bonds Outstanding
- Consolidated Sustainable Bonds Issuance
- Consolidated Sustainable Bonds Outstanding
ASEAN+3 the Bond Market in Hong Kong, China: An ASEAN+3 Bond Market Guide Update
This report provides updates on the bond market in Hong Kong, China since the publication of the ASEAN+3 Bond Market Guide 2016: Hong Kong, China. It also highlights those changes and developments that have a connection to the bond market of the People's Republic of China. The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and to encourage greater participation in the region's rapidly developing bond markets.
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ASEAN+3 Bond Market Guide 2016:
Hong Kong, China
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction, and other relevant information. The Hong Kong, China Bond Market Guide is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Hong Kong, China. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.
Download Report
ASEAN+3 Multi-Currency Bond Issuance Framework
Implementation Guidelines for Hong Kong, China
August 2015
The ASEAN+3 Multi-Currency Bond Issuance Framework (AMBIF) Implementation Guidelines for Hong Kong, China are provided to review the AMBIF Elements and detail the corresponding features of Hong Kong, China market in relation to each element.
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Market Summary
Size and Composition
Hong Kong, China’s local currency bond market reached a size of HKD2,770.5 billion (USD355.1 billion) at the end of the fourth quarter (Q4) of 2022. Overall growth slowed to 0.8% quarter-on-quarter (q-o-q) in Q4 2022 from 4.9% q-o-q in the third quarter as expansion in both the government and corporate bond segments moderated amid tightened liquidity conditions.
Notable Corporate Bond Issuance
Issuance of local currency corporate bonds amounted to HKD194.1 billion in Q4 2022, down 19.7% q-o-q from the preceding quarter. Among the notable issuances in Q4 2022 was Hong Kong Mortgage Corporation’s inaugural social bond, a dual-currency issuance that included an HKD8.0 billion 2-year bond.
Policy and Regulatory Developments
On 8 February, the Hong Kong Monetary Authority kept the countercyclical buffer ratio steady at 1.0%, noting that uncertainties in the global and domestic economic environment remain elevated despite initial signs of stabilization in the domestic economy.