Hong Kong, China
Market Watch
| Close of June 17, 2021 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 0.104 | ▲ 1.1 | ▲ 1.5 | ▼ 1.2 |
| 5 Year | 0.654 | ▲ 9.0 | ▲ 12.5 | ▲ 30.3 |
| 10 Year | 1.363 | ▲ 6.0 | ▲ 7.1 | ▲ 62.3 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| HKD per USD | 7.765 | ▼ 0.0 | ▼ 0.1 | ▼ 0.1 |
| HKD per JPY | 0.070 | ▼ 0.5 | ▲ 0.7 | ▲ 6.2 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D HIBOR | 0.038 | ▼ 0.9 | ▼ 0.0 | ▼ 0.3 |
| 3M HIBOR | 0.173 | ▼ 0.1 | ▲ 0.1 | ▼ 17.9 |
|
* 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 | 2020-09-24 | |
| Non-Regional Rating Institutions | ||||
| Fitch | AA- | stable | 2020-04-20 | |
| S&P | AA+ | stable | 2020-09-30 | |
NEWS HIGHLIGHTS
- Optimism grows as jobless rate dips to one-year low
- Ceiling for inflation bonds raised to $20b
- Hong Kong banks remain squeezed by low interest rates, economic uncertainty
- Provisional Statistics on Index of Industrial Production for the First Quarter of 2021
- Hong Kong jobless rate to fall further, but ‘full recovery hinges on vaccination’
Read full index for News and Commentary
BOND ISSUANCES
- Exchange Fund Notes Tender Results for 21 May 2021
- Exchange Fund Bills Tender Results for 18 May 2021
- Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
- Exchange Fund Bills Tender Results ofr 11 May 2021
- Exchange Fund Bills Tender Results for 4 May 2021
- 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
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
The outstanding stock of local currency (LCY) bonds in Hong Kong, China reached HKD2,394.5 billion (USD308.8 billion) at the end of the fourth quarter (Q4) of 2020, rising 4.7% quarter-on-quarter (q-o-q) and 5.7% year-on-year. Government bonds comprised 49.5% of total LCY bonds outstanding at the end of December 2020.
Notable Corporate Bond Issuances in Q4 2020
Issuance of LCY corporate bonds rose to HKD259.6 billion in Q4 2020 from HKD215.2 billion in the third quarter of 2020. Growth rebounded to 20.6% q-o-q in Q4 2020 from a contraction of 8.2% q-o-q in the previous quarter. Among the top nonbank corporate issuers in Q4 2020, the largest issuer was state-owned Hong Kong Mortgage Corporation.