Hong Kong, China
Market Watch
| Close of May 16, 2022 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 2.315 | ▼ 5.9 | ▲ 0.3 | ▲ 168.9 |
| 5 Year | 2.695 | ▼ 2.1 | ▼ 14.6 | ▲ 150.5 |
| 10 Year | 2.883 | ▲ 0.2 | ▼ 13.7 | ▲ 137.4 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| HKD per USD | 7.850 | 0.0 | ▼ 0.0 | ▼ 0.7 |
| HKD per JPY | 0.061 | ▼ 0.0 | ▼ 0.9 | ▲ 10.3 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D HIBOR | 0.043 | ▼ 0.1 | ▼ 0.5 | ▼ 1.2 |
| 3M HIBOR | 0.838 | ▲ 1.1 | ▲ 8.9 | ▲ 57.9 |
|
* 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 | 2021-11-16 | |
| Non-Regional Rating Institutions | ||||
| Fitch | AA- | stable | 2021-04-15 | |
| S&P | AA+ | stable | 2020-09-30 | |
NEWS HIGHLIGHTS
- Tender of 20-year Government Bonds to be held on 25 May 2022
- Government announces subscription and allocation results of retail green bond
- HKMA buys $5.6b to prop up currency
- Gross Domestic Product for 1st Quarter 2022
- Hong Kong Monetary Authority intervenes in dollar dip, first time since 2019
Read full index for News and Commentary
BOND ISSUANCES
- 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
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.
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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 local currency (LCY) bond market in Hong Kong, China expanded to a size of HKD2,525.0 billion at the end of the fourth quarter (Q4) of 2021 on growth of 4.0% quarter-on-quarter (q-o-q) and 5.0% year-on year. Government bonds comprised 52.2% of total LCY bonds outstanding at the end of December 2021.
Notable Corporate Bond Issuance
Issuance of LCY corporate bonds rose to HKD204.9 billion in Q4 2021 from HKD196.7 billion in the third quarter of 2021. Growth rebounded to 4.2% q-o-q in Q4 2021, following a contraction of 15.8% q-o-q in the previous quarter. State-owned Hong Kong Monetary Mortgage Corporation was the top nonbank corporate issuer in Q4 2021.
Policy and Regulatory Developments
On 17 November, the Hong Kong Monetary Authority issued its first bond indexed to the Hong Kong Overnight Index Average, an alternative to the London Interbank Offered Rate. The Hong Kong Monetary Authority allocated a total of HKD1.0 billion of 1-year indexed floating-rate notes amid strong demand, receiving tender applications exceeding HKD6.4 billion.