Tender for re-opening of 3-year RMB HKSAR Institutional Government Bonds to be held on August 21
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 (August 15) that a tender of 3-year RMB institutional Government Bonds (Bonds) through the re-opening of existing 3-year Government Bond issue 03GB2807001 under the Infrastructure Bond Programme will be held on August 21, 2025 (Thursday), for settlement on August 25, 2025 (Monday).
An additional amount of RMB1.25 billion of the outstanding 3-year Bonds (issue no. 03GB2807001) will be on offer. The Bonds will mature on July 28, 2028 and will carry interest at the rate of 1.59 per cent per annum payable semi-annually in arrear. The Indicative Pricings of the Bonds on August 15, 2025 are 100.14 with a semi-annualised yield of 1.540 per cent.
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.
HKSAR Institutional Government Bonds Tender Information
Tender information of 3-year RMB HKSAR Institutional Government Bonds:
Issue Number |
: |
03GB2807001 |
Stock Code |
: |
85039 (HKGB1.59 2807-R) |
Tender Date and Time |
: |
August 21, 2025 (Thursday)
9.30am to 10.30am |
Issue and Settlement Date |
: |
August 25, 2025 (Monday) |
Amount on Offer |
: |
RMB1.25 billion |
Maturity |
: |
3 years |
Remaining maturity |
: |
Approximately 2.93 years |
Maturity Date |
: |
July 28, 2028 (Friday) |
Interest Rate |
: |
1.59per cent p.a. payable semi-annually in arrear |
Interest Payment Dates |
: |
January 28 and July 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.
The accrued interest to be paid by successful bidders on the issue date (August 25, 2025) for the tender amount is RMB60.99 per minimum denomination of RMB50,000.
(The accrued interest to be paid for tender amount exceeding RMB50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of RMB50,000 due to rounding). |
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 |
: |
The tender amount is fully fungible with the existing 03GB2807001 (Stock code: 85039) listed on the Stock Exchange of Hong Kong. |
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. |
Source: AI-found images
Companies Registry releases statistics for 2025
According to the statistics released by the Companies Registry today (January 16), a total of 195,343 local companies and re-domiciled companies were newly registered in 2025. By the end of 2025, the total number of local companies and re-domiciled companies registered under the Companies Ordinance increased by 96,609 compared to 2024, reaching 1,557,103, which was an all-time high figure.
In 2025, 1,532 non-Hong Kong companies that had newly established a place of business in Hong Kong were registered under the Companies Ordinance. By the end of 2025, the total number of registered non-Hong Kong companies was 15,586, up 3 per cent compared to 2024.
The company re-domiciliation regime, implemented since May 23, 2025, has received a positive market response. By the end of 2025, the Registry had received over 420 enquiries and 30 applications. Among these, six non-Hong Kong corporations incorporated in Luxembourg, the Cayman Islands or Bermuda, including an insurance company, have been successfully re-domiciled to Hong Kong. The regime provides a simple and cost-effective pathway for non-Hong Kong incorporated companies to re-domicile to Hong Kong by eliminating the need for complicated and costly judicial procedures while preserving a company's legal identity. It ensures seamless business continuity and strengthens the competitiveness of Hong Kong as a global business and financial hub.
In 2025, the number of charges on properties of companies received for registration was 12,912, which was 6.4 per cent up from 12,137 in 2024. The number of notifications of payments and releases received for registration increased by 14.2 per cent, from 18,201 in 2024 to 20,789 in 2025.
In 2025, a total of 180 prospectuses were registered while the figure recorded in 2024 was 157.
In 2025, the total number of documents delivered for registration increased by 7 per cent to 3,360,723, compared to 3,139,906 in 2024.
In 2025, a total of 5,229,202 searches of document image records were conducted using the Registry's electronic search services, an increase of 0.7 per cent from 5,194,865 in 2024.
On the registration of limited partnership funds (LPFs), a total of 389 LPFs were newly registered in 2025. By the end of 2025, the total number of LPFs increased by 35.1 per cent compared to the end of 2024, to 1,347.
For open-ended fund companies (OFCs), 210 OFCs were newly incorporated in 2025. By the end of 2025, the total number of OFCs increased by 43.2 per cent compared to the end of 2024, to 676.
As regards the licensing of trust or company service providers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, a total of 760 new licences were granted by the Registry in 2025. By the end of 2025, the total number of licensees was 7,220.
Turning to the licensing of money lenders, 155 new licences were granted by the Licensing Court in 2025. By the end of 2025, the total number of licensed money lenders was 2,015.
For details of the statistics, please visit the "Statistics" section of the Registry's website (www.cr.gov.hk).
Source: AI-found images
