Welcome! AsianBondsOnline is a one-stop source of information on bond markets in emerging East Asia.
Close of December 8, 2023 |
Change From | |||
---|---|---|---|---|
Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 3.787 | ▼ 2.7 | ▼ 12.7 | ▼ 39.4 |
10 Year | 3.562 | ▼ 3.4 | ▼ 20.5 | ▼ 8.3 |
* Government bond yield changes are expressed in basis points. |
||||
Currencies | Latest Rate | Previous Day | Previous Week | YTD |
HKD per USD | 7.809 | ▲ 0.0 | ▲ 0.1 | ▼ 0.1 |
HKD per JPY | 0.054 | ▲ 0.6 | ▼ 1.2 | ▲ 9.5 |
* Exchange rate changes are expressed as a percentage change. |
||||
Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D HIBOR | 4.361 | ▼ 22.4 | ▲ 30.9 | ▲ 112.7 |
* Interest rate changes are expressed in basis point change. |
Change From | ||||
---|---|---|---|---|
Policy Rates | Latest Rate (1-Jan-1970) |
Previous Rate (1-Jan-1970) |
YTD Rate |
|
No data available for this market |
Agency | Rating | Outlook | Date | |
---|---|---|---|---|
Regional Rating Institutions | ||||
R&I | AA+ | stable | 2023-04-03 | |
Non-Regional Rating Institutions | ||||
Fitch | AA- | stable | 2023-03-30 | |
S&P | AA+ | stable | 2023-05-25 | |
NEWS HIGHLIGHTS
Read full index for News and Commentary
BOND ISSUANCES
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.
Download Report
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
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.
Download Report
* Download previous issues PDF | ||||
---|---|---|---|---|
2023 | Nov | Sep | Jun | Mar |
2022 | Nov | Sep | Jun | Mar |
2021 | Nov | Sep | Jun | Mar |
2020 | Nov | Sep | Jun | Mar |
2019 | Nov | Sep | Jun | Mar |
2018 | Nov | Sep | Jun | Mar |
2017 | Nov | Sep | Jun | Mar |
2016 | Nov | Sep | Jun | Mar |
2015 | Nov | Sep | Jun | Mar |
2014 | Nov | Sep | Jun | Mar |
2013 | Nov | Sep | Jun | Mar |
2012 | Nov | Sep | Apr | |
2011 | Nov | Sep | Mar | |
2010 | Nov | Oct | Jul | Mar |
2009 | Nov | Sep |
Between 1 September and 10 November, local currency (LCY) government bond yields in Hong Kong, China rose across all tenors, with more pronounced increases for short-term bonds. The rise in yields was primarily driven by expectations that the United States Federal Reserve will maintain higher interest rates longer than previously expected as well as growing uncertainty stemming from the impacts on the domestic economy of a global economic slowdown and geopolitical tensions.
LCY bonds outstanding in Hong Kong, China expanded to HKD3.0 trillion at the end of September, posting 5.1% quarter-on-quarter growth in the third quarter of 2023. Growth in the LCY bond market was driven by increased issuance of government and corporate bonds. Total LCY bond issuance registered HKD1.3 trillion in the third quarter of 2023, up 7.8% from the previous quarter. Corporate debt sales recovered, rising 22.9% quarter-on-quarter while Hong Kong Special Administrative Region government bond issuance jumped more than sixfold due to an issuance of Silver Bonds.
On 16 October, the Hong Kong Monetary Authority announced the tentative issuance schedule for Hong Kong Special Administrative Region government bonds for the 6-month period between October 2023 and March 2024. The schedule listed seven issuances of bonds with tenors ranging from 1 year to 20 years, and a total issuance size of HKD14 billion. The monetary authority noted that the schedule and issuance details may be adjusted based on market conditions.