Advertisement
Advertisement
TOPIC

Bonds

Bonds
Bond market action from around the world with a focus on Dim Sum debt and dollar bonds issued by Chinese firms.
An electronic board is seen at the Sao Paulo Stock Exchange in Brazil. Photo: AFP
Stock Connect

Brazil beckoned: China now has stock and bond ‘connect’ schemes in 5 regions

Strategic financial corridors now bridge mainland bourses with global hubs, enabling more seamless investment through specialised fund vehicles and receipts.

Banking & finance

Hong Kong reasserts role as safe haven in global finance amid Iran conflict

Global monetary policy

Editorial | Chinese yuan slowly but surely cutting into US dollar dominance

Japan

Macroscope | Will Japan’s corporate bond initiative signal a shift in Asia financing?

Japanese authorities are promoting the domestic corporate bond market as an alternative for firms seeking funding without losing control.

videocam
A man stands in front of an electronic board displaying the closing numbers of the Nikkei Stock Average on the Tokyo Stock Exchange, in Tokyo, on April 2. Photo: AFP
Hong Kong

China set to issue US$2.3b in offshore bonds amid high demand for yuan assets

A planned sale of yuan-denominated bonds in Hong Kong, the largest since 2023, comes as investors seek shelter amid Middle East tensions.

Banking & finance

Kazakh sovereign fund issues Central Asia’s first panda bond in ‘milestone’ sale

Samruk-Kazyna chairman says issuance marks ‘an important milestone in strengthening the strategic partnership between Kazakhstan and China’.

Advertisement
Advertisement
Advertisement
China inflation

China reflation bets waver as bond gains outpace sluggish equities

Despite a pickup in inflation data, economists warn that commodity pressures, not underlying demand, are driving China’s price gains.

The oil shock has clouded the inflation outlook, making it difficult to determine whether China had truly emerged from its multi-year deflationary phase. Photo: Xinhua
Hong Kong economy

Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

Government proposes to raise borrowing ceiling from HK$700 billion to HK$900 billion to fund infrastructure development.

China economy

Macroscope | Why investors should beware China safe haven narrative amid Iran crisis

While there is reason for optimism, the ceasefire in Iran remains tenuous and the return of inflation is not the kind China wants to see.

videocam
Banking & finance

Barclays boosts Hong Kong presence to tap thriving IPO market

C.S. Venkatakrishnan said the bank is increasing its outlay on talent and technology across its investment banking and trading units.

Asia and Hong Kong are very important areas for Barclays, according to group CEO C. S. Venkatakrishnan. Photo: Edmond So
Banking & finance

China’s JD.com returns to dim sum bond market with 10b yuan offering

The e-commerce giant is issuing the yuan-denominated notes in two tranches of 7.5 billion yuan and 2.5 billion yuan.

S&P Global Ratings has assigned an ‘A-’ long-term rating to JD.com’s notes. Photo: Reuters
Banking & finance

Exclusive | HKU kicks off roadshow for US$385 million bond to back Northern Metropolis plan

Roadshows arranged by bankers including HSBC Holdings will draw banks, insurers, pension funds and asset managers in the coming days.

Banking & finance

Opinion | Why a global private-credit meltdown would hit China hard

It could leave emerging economies scrambling for financing just as their repayment obligations to Chinese lenders mount.

videocam
Hong Kong stock market

Markets brace for rate hikes as prolonged Iran war stokes tightening fears

The European Central Bank has become more hawkish, reverting to wording that analysts say often precedes interest-rate increases.

A currency dealer walks past a screen showing South Korea’s KOSPI and the Korean won/US dollar exchange rate in a foreign exchange dealing room in Seoul on Monday. Photo: AFP
Banking & finance

US federal debt becoming ‘alarmingly unsustainable’ as Iran war fuels spending

Washington’s rapid accumulation of sovereign debt sparks outcry, with some analysts questioning if Trump has the political will to cut the deficit.

videocam
21
US sovereign debt has soared in recent years, with analysts warning that the Iran war could fuel even greater borrowing. Photo: AP
Banking & finance

HSBC launches US$2.5 billion AT1 bond issue in Hong Kong after market standstill

Lender’s AT1 bond sale is the first since Iran conflict froze the market, with Hong Kong’s stability making it the natural venue: analyst.

China stock market

Trump’s Fed pick Warsh stokes uncertainty as investors weigh his policy shifts

US Treasuries have been falling recently, partially reflecting investor concerns that Warsh’s succession will slow rate reductions.

Advertisement
Advertisement
Advertisement
Education in Hong Kong

Hong Kong Baptist University may issue bonds to finance development

University president says funds needed to support its Chinese medicine hospital and campus redevelopment.

Baptist University’s campus in Kowloon Tong is the smallest of the city’s public varsities. Photo: Nora Tam
Banking & finance

How China’s sovereign debt is becoming a real alternative to US Treasuries

Beijing is now offering dollar-denominated sovereign bonds at rates matching equivalent US Treasuries – and investors are snapping them up.

5
Hong Kong stock market

Oil surge stokes inflation fears as Middle East flashpoint rattles markets

Rising oil prices are shaking global markets as investors rethink rate-cut bets and brace for slower growth and renewed inflation.

Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

16
Illustration: Lau Ka-kuen
China's economic recovery

As Chinese provinces slash revenue outlook, analysts warn of debt control

Local governments seen curbing infrastructure spending as Beijing’s fiscal discipline pushes regions to prioritise social services and tech over large projects.

videocam
8
An unfinished construction project is seen in China’s Anhui province. A number of local-level governments that lent to certain real estate and infrastructure projects have had trouble getting paid back amid a property slowdown. Photo: Getty Images
Hong Kong economy

West Kowloon arts hub seeks US$1 billion in first bond sale to fund operations

Loss-making authority edges closer to bond offering to help sustain operations amid continuing deficits.

Mainland China

Yuan rally puts fresh steam into Hong Kong’s dim sum bond revival

Issuance could approach US$140 billion as a firmer renminbi, low funding costs and policy support boost demand for offshore notes.

Banking & finance

Hong Kong firms rush to issue convertibles – and trend could continue: bankers

Issuers raised US$7.4 billion in convertibles in early 2026, nearly half of last year’s total, as they rushed to lock in high share prices.

The number of companies rushing to issue convertible bonds is growing even as the Lunar New Year approaches, according to market players. Photo: Getty Images
Hong Kong stock market

Hong Kong urged to widen Stock Connect and woo global firms to boost listings

City should pitch Southeast Asia, Middle East to draw global listings and issue long-term bonds to attract patient capital, think tank says.

FSDC executive director Rocky Tung says while Hong Kong has been a major listing venue for mainland firms, international companies remain a minority on the local bourse. Photo: Enoch Yiu
Mainland China

China’s Huatai Securities to raise US$1.3 billion for overseas push

The issuance implies potential dilution for Hong Kong–listed shareholders, with the conversion price set at a premium.

MTR Corporation

Editorial | MTR’s embrace of green bonds an example for other Hong Kong firms

While local companies have been slow to take up ESG, the MTR Corporation’s record bond issuance shows there is investor interest in supporting the environment.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement