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Bonds

Donald Trump at an election night watch party at the Palm Beach Convention Centre on November 6 in Florida. Photo: AP
United States

Opinion | With Trump 2.0, it will be every country for itself

Given Trump’s policy direction, the only conclusion for realists is that self-strengthening must be the main thrust in a fragmenting world order.

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Alibaba

Alibaba pulls in US$5 billion from dual-currency bond offering

Banking & finance

Hong Kong urged to boost capital flow with mainland for global market access

Banking & finance

Explainer | What makes China’s ultra-long ‘special bonds’ so special?

China has only issued its ultra-long-term government bonds in special circumstances – here’s why this year qualifies.

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China has issued what it terms ultra-long-term special government bonds on multiple occasions in 2024, a rare move to shore up the economy. Photo: Reuters
Alibaba

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Hong Kong

Hong Kong to issue HK$20 billion retail infrastructure bond

The bond, which have a tenor of three years, will provide assured returns of 3.5 per cent to be paid every six months.

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Banking & finance

HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

Yuan deposits in Hong Kong exceeded 1 trillion yuan for six months in a row up to September, according to HKMA. Photo: EPA-EFE
China’s economic stimulus

China unveils debt-relief plan, keeps further stimulus salvo in reserve arsenal

Week-long NPC Standing Committee meeting ends with mostly forward-looking plans to right China’s economic ship.

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China’s economic stimulus

China to unveil fiscal stimulus plans, but may hold fire until 2025: analysts

A week-long session of China’s top legislative body, the National People’s Congress (NPC) Standing Committee, concludes on Friday.

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China property

China’s developers borrow more to satiate their thirst for funding

Bond financing in the property sector rose for the second month in October, rising 3.2 per cent from last year to 29 billion yuan, according to the China Index Academy.

A general view of a residential housing complex under construction in Huaian in eastern China’s Jiangsu province on October 17, 2024. Photo: AFP
Banking & finance

Why is China planning to issue US dollar bonds in Saudi Arabia?

The Ministry of Finance says it will sell up to US$2 billion of notes in Riyadh next week.

US dollar banknotes. Photo: DPA
Hong Kong Monetary Authority (HKMA)

Hong Kong’s financial war chest posts record gain of US$28.8 billion

Lawmakers asked whether the fund could give more to address the government’s deficit, but HKMA’s CEO urged sticking with an existing formula.

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China's economic recovery

China’s central bank holds steady with 200 billion yuan net bond purchase

Consistency of bond purchase, kept at the same level as previous month, seen as key gauge of China’s monetary and fiscal policy coordination.

Hong Kong Monetary Authority (HKMA)

FII 2024: Hong Kong, Saudi Arabia to anchor US$1 billion investment fund

In addition, Hong Kong and Saudi market regulators announce a partnership to spur cross-border listings and training.

The deputy CEO of the Hong Kong Monetary Authority Darryl Chan (front left) and the head of the local real estate investments division of Saudi Arabia’s Public Investment Fund Aiman Almudaifer (front right), sign an agreement for a new investment fund in the presence of the Paul Chan, Hong Kong’s financial secretary (back left), and the governor of the PIF, H.E. Yasir Alrumayyan (back right). Photo: Handout
China’s economic stimulus

China may fix fiscal spending shortfall next week, policy adviser says

Central bank policy adviser Wang Yiming says China has a funding gap of around 1.5 trillion yuan (US$210 billion).

Construction workers in Xiangshui town in the Wanzhou District of Chongqing, southwest China. Photo: Xinhua
Hong Kong economy

Hong Kong to issue HK$10 billion in bonds for ‘landmark’ Airport City project

Fred Lam, the Airport Authority’s chairman, says project not just a ‘bus stop’ but one to drive tourists to Hong Kong.

China’s economic stimulus

2 trillion yuan fund could offer China’s stock market ‘instant’ lift: think tank

Institute of Finance and Banking under the Chinese Academy of Social Sciences says the fund would enhance the stability of the capital market and promote steady growth.

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Hong Kong economy

Hong Kong’s Paul Chan touts use of bonds to fund public works in Apec speech

Financial secretary meets counterparts at Apec gathering in Peru, ahead of trip to US.

Financial Secretary Paul Chan (second from left) also discussed the city’s digitalisation of financial services during the meeting. Photo: Handout
China’s economic stimulus

Exclusive | Why China ‘absolutely’ needs 10 trillion yuan in stimulus to revive economy

Go big or bear the risk of watching China’s economy fall off a cliff, says prominent head of fiscal academy associated with Ministry of Finance.

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China property

Major Chinese developers see sales uptick in September bolstered by stimulus

Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.

Banking & finance

Fewer Hong Kong seniors buy Silver Bonds in latest US$6.4 billion sale

Investors bid to buy 1.4 times more bonds than the government offers, but application numbers and total bid amount decline from last year.

People exercise in Victoria Park in Causeway Bay on October 20, 2022. Photo: Sam Tsang
Mandatory Provident Fund (MPF)

Hong Kong’s MPF makes US$19 billion in first 9 months fuelled by market rally

Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

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The MPF’s average account balance for its 4.75 million members was now worth more than a brand-new Tesla Model 3 or a Hermes Birkin handbag. Photo: Xiaomei Chen
China's economic recovery

China’s fiscal package needs to be sizeable to maintain momentum: economist

Leading Chinese economist Mao Zhenhua says China should consider issuing additional long-term treasury bonds following last week’s raft of measures.

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Banking & finance

Hong Kong’s latest Silver Bond sale starts strong

As interest rates have begun to fall, the guaranteed 4 per cent yield of the US$6.4 billion in bonds looks better by comparison.

Banking & finance

HKMA wants to continue developing Greater Bay Area, expand connect schemes

The de facto central bank will work with mainland authorities to develop the Greater Bay Area and expand cross-border trading, CEO Eddie Yue says.

HKMA CEO Eddie Yue starts his second five-year term on Tuesday. Photo: Jonathan Wong
China's economic recovery

China’s all-out action plan could gather pace with fiscal loosening: analysts

Analysts suggest China could sell at least 1 trillion yuan (US$142 billion) of special treasury bonds and lift its budget deficit ratio.

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The Politburo said China would make good use of its ultra-long special treasury bonds and local government special bonds to support investment. Photo: Reuters
Banking & finance

China’s NDRC urges firms to use Hong Kong for financing needs

Hong Kong seen as a top financing platform for the mainland’s ‘attracting foreign investment’ and ‘going global’ strategy, an NDRC official says.

China property

China’s Sino-Ocean gets liquidation reprieve amid ‘some progress’ on debt

Hong Kong court adjourns hearing until December 23 as developer plans parallel restructuring efforts in the city and the UK.

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Bonds
Bond market action from around the world with a focus on Dim Sum debt and dollar bonds issued by Chinese firms.
last updated:
9 September, 2024
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