Tender of 1-year RMB HKSAR Institutional Government Bonds to be held on April 24
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), as representative of the Hong Kong Special Administrative Region Government (HKSAR Government), announced today (April 17) that a tender of 1-year RMB Institutional Government Bonds (Bonds) under the Infrastructure Bond Programme will be held on Thursday, April 24, 2025, for settlement on Monday, April 28, 2025.
A total of RMB1.5 billion 1-year RMB Bonds will be tendered. The Bonds will mature on April 28, 2026 and will carry interest at the rate of 1.73 per cent per annum payable semi-annually in arrear.
Tender is open only to Primary Dealers appointed under the Infrastructure Bond Programme. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the latest published list, which can be obtained from the Hong Kong Government Bonds website at www.hkgb.gov.hk. Each tender must be for an amount of RMB50,000 or integral multiples thereof.
Tender results will be published on the HKMA's website, the Hong Kong Government Bonds website, Bloomberg (GBHK <GO>) and Refinitiv (IBPGSBPINDEX). The publication time is expected to be no later than 3pm on the tender day.
HKSARInstitutional Government Bonds Tender Information
Tender information of 1-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
01GB2604001 |
Stock Code |
: |
85022 (HKGB1.73 2604-R) |
Tender Date and Time |
: |
Thursday, April 24, 2025
9.30am to 10.30am |
Issue and Settlement Date |
: |
Monday, April 28, 2025 |
Amount on Offer |
: |
RMB1.5 billion |
Maturity |
: |
1 year |
Maturity Date |
: |
Tuesday, April 28, 2026 |
Interest Rate |
: |
1.73% p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
April 28 and October 28 in each year, commencing on the Issue Date up to and including the Maturity Date, subject to adjustment in accordance with the terms of the Institutional Issuances Information Memorandum of the Infrastructure Bond Programme and Government Sustainable Bond Programme (Information Memorandum) published on the Hong Kong Government Bonds website. |
Method of Tender |
: |
Competitive tender |
Tender Amount |
: |
Each competitive tender must be for an amount of RMB50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the latest published list. |
Other Details |
: |
Please see the Information Memorandum available on the Hong Kong Government Bonds website or approach Primary Dealers. |
Expected commencement date of dealing on
the Stock Exchange
of Hong Kong Limited |
: |
Tuesday, April 29, 2025 |
Use of Proceeds |
: |
The Bonds will be issued under the institutional part of the Infrastructure Bond Programme. Proceeds will be invested in infrastructure projects in accordance with the Infrastructure Bond Framework published on the Hong Kong Government Bonds website. |
Hong Kong International Legal Talents Training Academy and Supreme People's Court co-organise 2nd edition of Hong Kong Common Law Practical Training Course
The second edition of the Hong Kong Common Law Practical Training Course, co-organised by the Hong Kong International Legal Talents Training Academy and the Supreme People's Court, is being held from today (January 14) to January 22. Focusing on company law, this edition will guide participants to gain a deeper understanding of Hong Kong's company law framework.
Addressing the opening ceremony of the course today, the Secretary for Justice, Mr Paul Lam, SC, said that the first edition of this course, which was held in January last year, was the inaugural programme of the Academy after its launch in 2024, and positive results had been achieved. Mr Lam expressed his gratitude to the Supreme People's Court for their continued support and trust in the Academy. He said that the course is a key initiative to implement the national policy of strengthening Mainland judges' ability to handle foreign-related cases, in line with the priorities anticipated in the 15th Five-Year Plan to be announced in March this year.
Building on the inaugural training course, this edition focuses on company law with the participation of 24 senior judges from 22 courts on the Mainland, including the Supreme People's Court and courts from 12 provinces as well as three direct-administered municipalities. The course will feature an in-depth exploration of Hong Kong's robust company law framework through lectures, dialogue sessions and interactive practices on topics such as company structures, guarantees and liquidations. Speakers of the course include Hong Kong's leading legal scholars, experts and eminent judges in the field of company law, who will share their practical insights into Hong Kong's common law system and company law. With the Ceremonial Opening of the Legal Year 2026 taking place this month, participants will attend this important annual legal event, and visit the courts and international legal institutions in Hong Kong to learn more about Hong Kong's development as a legal hub and a centre for international legal and dispute resolution services in the Asia-Pacific region.
The Academy will continue to leverage the unique advantages of the "one country, two systems" principle and the Hong Kong common law system to organise more capacity-building programmes, thereby promoting judicial and legal exchanges and mutual learning between the Mainland and Hong Kong, and further contributing to the country's efforts to promote the construction of the foreign-related rule of law.
Hong Kong International Legal Talents Training Academy and Supreme People's Court co-organise 2nd edition of Hong Kong Common Law Practical Training Course Source: HKSAR Government Press Releases
Hong Kong International Legal Talents Training Academy and Supreme People's Court co-organise 2nd edition of Hong Kong Common Law Practical Training Course Source: HKSAR Government Press Releases
