Hong Kong breaks new ground with $2.5-billion green bond issuance

Hong Kong breaks new ground with $2.5 billion green bond issuance

(ATF) Hong Kong on January 27 announced it had issued $2.5 billion in green bonds, in what is the first 30-year tranche from a government in Asia. The offering comprises three tranches of US$1 billion 5-year, US$1 billion 10-year and US$500 million 30-year green bonds. The issue “will build a …

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China's multiple bond investment channels get busy

China's multiple bond investment channels get busy

(ATF) The development of China’s bond market is critical to the world’s second largest economy as it seeks to improve the allocation of resources and greater integration with the global financial system. Since 2010, when China took the first step to launch a pilot allowing foreign central banks and monetary …

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China bond market now too big for West to ignore, say fund managers

China bond market now too big for West to ignore, say fund managers

China's $16 trillion sovereign debt market - a large, A+ rated market that pays 3% yields, with minimal volatility - is becoming too big to ignore, even for the most risk-averse Western investors. The nation is looking increasingly alluring for European pension funds swimming in sub-zero bond yields as ageing …

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Free-trade-zone bonds offer third route for issuers

Free-trade-zone bonds offer third route for issuers

(ATF) The links between China’s domestic and foreign bond markets are accelerating. At the 2021 Bond Market Development Forum held on January 18, Chen Gangming, general manager of CCDC , China's central clearing house, said they would support the opening of the bond market and consolidate the base for interconnection …

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China punishes 11 companies linked to Yongcheng Coal default

China punishes 11 companies linked to Yongcheng Coal default

(ATF) Yongcheng Coal & Electricity Holdings Group has been banned from debt sales for one year, while its parent firm got a seven-month ban, after a surprise default by the state-owned coal miner late last year that rattled the country’s $4 trillion corporate debt market. And nine other organisations linked …

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Chinese Government bond opportunities going global 

Chinese Government bond opportunities going global 

China’s government bond market has charted a rapid rise over the past two decades on the back of robust economic growth. The asset class has also made considerable strides to integrate into the global financial system in recent years. FTSE Russell announced in September that they would be including Chinese …

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Chinese bond defaulters receive a judicial slap on the wrist 

Chinese bond defaulters receive a judicial slap on the wrist

(ATF) The Chinese authorities remain relatively toothless when it comes to bond fraud and default cases, a report from China Business News has suggested. Despite a lot of tough talk and new regulations, they revealed that Guorong Securities has recently been punished by official supervisors for failing to fulfil its …

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