China news agency, Hong Kong, March 30-The Hong Kong Monetary Authority (HKMA) published a special article "Overview of Hong Kong Bond Market in 20021year" on the 30th. The article points out that in 20021year, the issuance of bonds in Hong Kong increased by 9% year-on-year, reaching $401600 million, and achieved all-round growth in the three major market segments of Hong Kong dollar, offshore RMB and G3 currency bonds (bonds denominated in US dollars, euros or Japanese yen).

The article pointed out that the issuance of 202 1 HK$ bonds remained stable, about HK$ 4.3 trillion. Excluding Exchange Fund bills and bonds, the issuance increased by 0.8% year-on-year to HK$ 930 1 billion. Among them, the circulation of the SAR government increased from HK$ 48.2 billion in 2020 to HK$ 69.4 billion, mainly because the SAR government increased the issuance of retail bonds to further promote the development of the local bond market.

According to the article, in 20021year, the issuance of offshore RMB bonds in Hong Kong increased by 35% year-on-year, reaching 550.6 billion yuan, which was mainly driven by the increase in the issuance of overseas bonds without certificates of deposit (growth 102%), Hong Kong bonds without certificates of deposit (growth 17%).

According to the article, in 20021year, HKMA continued to implement the SAR government bond plan, arranged nine bids for SAR government bonds, and issued a denomination of * * *** 194 billion Hong Kong dollars to promote the sustainable development of the local bond market; At the retail level, two large-scale bond issues were arranged for Hong Kong residents to subscribe. In addition, green and sustainable finance has become the main growth link of Hong Kong's bond market. In 20021year, the total amount of green sustainable bonds issued by Hong Kong reached $31300 million, accounting for one third of the Asian green sustainable bond market.

The article points out that with the tightening of monetary policy and persistent inflationary pressure, Hong Kong and even the global bond market may face uncertainty in the coming year. However, Hong Kong's bond market is ready to meet the challenges and will benefit from some structural factors, including the gradual mainstream of green and sustainable financing, the continuous opening of the mainland market and the increasing interest of international investors in the mainland market. The SAR Government and HKMA will continue to take a number of measures to further promote market development.