Hong Kong, China
Market Watch
| Close of January 22, 2021 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 0.132 | ▲ 2.2 | ▲ 2.2 | ▲ 1.6 |
| 5 Year | 0.344 | ▲ 0.6 | ▼ 1.2 | ▼ 0.7 |
| 10 Year | 0.788 | ▲ 1.8 | ▲ 0.5 | ▲ 4.8 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| HKD per USD | 7.752 | ▼ 0.0 | ▲ 0.0 | ▲ 0.0 |
| HKD per JPY | 0.075 | ▲ 0.3 | ▼ 0.0 | ▲ 0.5 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 1D HIBOR | 0.040 | ▼ 0.0 | ▼ 0.2 | ▼ 0.1 |
| 3M HIBOR | 0.240 | ▼ 0.1 | ▼ 2.9 | ▼ 11.1 |
|
* Interest rate changes are expressed in basis point change. |
||||
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 | 2019-04-15 | |
| Non-Regional Rating Institutions | ||||
| Fitch | AA- | stable | 2020-04-20 | |
| S&P | AA+ | stable | 2020-09-30 | |
- 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.
Download Report
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.
Download Report
| * Download previous issues PDF | ||||
|---|---|---|---|---|
| 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 | ||
Market Summary
Yield Movements
Movements in Hong Kong, China's local currency (LCY) bond market yields were mixed between 31 August and 30 October. Yields fell at the shorter-end of the yield curve as bonds with maturities of 3 years or less shed an average of 6 basis points (bps). Yields rose at the longer-end of the curve, with the yield for the 10-year tenor inching up 1 basis point, while the 15-year tenor gained 12 bps. The spread between the 2-year and 10-year tenors widened from 32 bps to 45 bps during the review period. Hong Kong, China's gross domestic product fell 3.5% year-on-year in the third quarter of 2020. Uncertainties stemming from the prolonged global pandemic, frictions between the PRC and the United States, and political risks continued to affect Hong Kong, China's economy and bond market.
Size and Composition
Hong Kong, China's LCY bonds outstanding amounted to HKD2,287.0 (USD295.1 billion) at the end of September, up from HKD2,267.6 billion at the end of June. The LCY bond market's quarter-on-quarter growth rose to 0.9% in the third quarter of 2020 from 0.5% in the second quarter, driven mostly by a rebound in the government bond segment. Government bonds accounted for a 50.6% share of total LCY bonds outstanding at the end of September.
Policy, Institutional and Regulatory Developments
On 12 October, the Hong Kong Monetary Authority (HKMA) decided to hold the countercyclical capital buffer (CCyB) at 1.0%. The HKMA noted that the latest data based on the latest economic indicators signal a higher CCyB at 2.5%. However, the HKMA deemed that considering the high level of uncertainty facing the economy, holding the CCyB steady at 1.0% was more appropriate. A lower CCyB releases additional liquidity into the banking system by raising banks' lending capacity to support the economy.
Refine Search
61 - 68 of 68 results
- Exchange Fund Bills Tender Results for 03 March 2020
Hong Kong Monetary Authority
2020-03-03 - Exchange Fund Bills Tender Results for 25 February 2020
Hong Kong Monetary Authority
2020-02-25 - Exchange Fund Bills Tender Results for 18 February 2020
Hong Kong Monetary Authority
2020-02-18 - Tender results of the 10-year Government Bonds under the Institutional Bond Issuance Programme
Hong Kong Monetary Authority
2020-02-12 - Exchange Fund Bills Tender Results for 11 February 2020
Hong Kong Monetary Authority
2020-02-11 - Exchange Fund Bills Tender Results for 04 February 2020
Hong Kong Monetary Authority
2020-02-04 - Exchange Fund Bills Tender Results for 24 January 2020
Hong Kong Monetary Authority
2020-01-24 - Exchange Fund Bills Tender Results for 21 January 2020
Hong Kong Monetary Authority
2020-01-21
Refine Search
461 - 480 of 498 results
- HK credit card receivables rise to HK$137.7b
The Standard
2020-02-21 - Lawmakers to rush HK$30 billion Covid-19 relief package through Legco
South China Morning Post
2020-02-21 - Consumer Price Indices for January 2020
Hong Kong Government Information Services
2020-02-20 - Coronavirus: massive HK$30 billion relief package revealed
South China Morning Post
2020-02-20 - EDB to provide subsidies to schools and students to fight against epidemic
Hong Kong Government Information Services
2020-02-20 - Unemployment and underemployment statistics for November 2019 - January 20
Hong Kong Government Information Services
2020-02-18 - Volume and price statistics of external merchandise trade in December 2019
Hong Kong Government Information Services
2020-02-18 - Coronavirus: Hong Kong taking 'bigger hit' than during Sars
South China Morning Post
2020-02-18 - Hong Kong may see biggest ever budget deficit next financial year: finance chief
South China Morning Post
2020-02-16 - Tourist numbers plunge in Hong Kong amid coronavirus border restrictions
South China Morning Post
2020-02-15 - HK retirement funds negative in January
The Standard
2020-02-14 - HSBC, other banks cut Hong Kong borrowers some slack amid outbreak
South China Morning Post
2020-02-13 - HKMA assures monetary and financial systems are robust
The Standard
2020-02-12 - Hong Kong's trade in services statistics for 2018
Hong Kong Government Information Services
2020-02-11 - Hong Kong's Latest Foreign Currency Reserve Assets Figures Released
Hong Kong Monetary Authority
2020-02-07 - The Winners and Losers in Hong Kong's Handout Budget
Bloomberg
2020-02-06 - Hong Kong banks offer relief on loans, credit cards as virus hits economy
South China Morning Post
2020-02-06 - Virus Hits Hong Kong Insurers Already Reeling From Protests
Bloomberg
2020-02-06 - Hong Kong F&B sector's first annual decline in revenue since Sars
South China Morning Post
2020-02-06 - Provisional statistics of retail sales for December 2019 and for the whole year of 2019
Hong Kong Government Information Services
2020-02-04