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Close of May 2, 2024 |
Change From | |||
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Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
2 Year | 4.000 | ▲ 3.1 | ▲ 8.2 | ▲ 61.2 |
10 Year | 3.963 | ▼ 1.0 | ▲ 4.0 | ▲ 74.7 |
* Government bond yield changes are expressed in basis points. |
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Currencies | Latest Rate | Previous Day | Previous Week | YTD |
HKD per USD | 7.813 | ▲ 0.1 | ▲ 0.2 | ▼ 0.0 |
HKD per JPY | 0.051 | ▼ 0.5 | ▼ 1.1 | ▲ 8.2 |
* Exchange rate changes are expressed as a percentage change. |
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Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
1D HIBOR | 4.376 | ▼ 87.8 | ▲ 117.9 | ▼ 171.7 |
* Interest rate changes are expressed in basis point change. |
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Policy Rates | Latest Rate (1-Jan-1970) |
Previous Rate (1-Jan-1970) |
YTD Rate |
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No data available for this market |
Agency | Rating | Outlook | Date | |
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Regional Rating Institutions | ||||
R&I | AA+ | stable | 2023-04-03 | |
Non-Regional Rating Institutions | ||||
Fitch | AA- | stable | 2024-02-21 | |
S&P | AA+ | stable | 2023-05-25 | |
NEWS HIGHLIGHTS
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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.
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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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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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* Download previous issues PDF | ||||
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Local currency (LCY) government bond yields in Hong Kong, China fell for most tenors between 1 December 2023 and 29 February 2024, driven by expectations that the Federal Reserve would cut its policy rate in the second half of the year. Moderating inflation also contributed to the decline in bond yields.
LCY bonds outstanding in Hong Kong, China saw modest growth of 0.3% quarter-on-quarter in the fourth quarter of 2023, reaching a size of HKD3.0 trillion at the end of December. LCY debt issuance fell 6.3% quarter-on-quarter to HKD1.2 trillion in the fourth quarter of 2023 due to weaker issuance of Hong Kong Special Administrative Region government bonds and corporate bonds. Hong Kong Special Administrative Region bonds issued during the quarter included HKD20.0 billion of retail green bonds.
On 24 January, the Hong Kong Monetary Authority and the People’s Bank of China jointly announced new policy measures to deepen financial cooperation between the markets of Hong Kong, China and the People’s Republic of China, including measures related to bond markets. One of the measures will allow bonds issued by the Ministry of Finance and policy banks of the People’s Republic of China to be used as collateral for the renminbi liquidity arrangement of the Hong Kong Monetary Authority. Another measure will open the domestic repurchase agreement market to foreign institutional investors who already have access to the China Interbank Bond Market.