Tag Archives: China

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), announces today (September 2) that a tender of 15-year Government Bonds (Bonds) through the re-opening of existing 15-year Government Bond issue 15GB3403 under the Institutional Bond Issuance Programme will be held on Wednesday, September 11, 2019, for settlement on Thursday, September 12, 2019.
 
     An additional amount of HK$0.8 billion of the outstanding 15-year Bonds (issue no. 15GB3403) will be on offer. The Bonds will mature on March 7, 2034 and will carry interest at the rate of 2.02 per cent per annum payable semi-annually in arrears. The Indicative Pricings of the Bonds on September 2, 2019 is 110.24 with an annualised yield of 1.251 per cent.
 
     Under the Institutional Bond Issuance Programme, tender is open only to Recognized Dealers which are appointed as Primary Dealers. Anyone wishing to apply for the Bonds on offer can do so through any of the Primary Dealers on the current published list, which can be obtained from the Government Bond Programme’s website at www.hkgb.gov.hk. Each tender must be for an amount of HK$50,000 or integral multiples thereof.
 
     Tender results will be published on the HKMA’s website, the Government Bond Programme’s website, the Reuters screen (HKGBINDEX), and Bloomberg (GBHK <GO>) not later than 3pm on the tender day.

HKSAR Government Institutional Bond Issuance Programme Tender Information
—————————————————————————————-
     Tender information of re-opening of 15-year Government Bonds under the Institutional Bond Issuance Programme:
 

Issue Number	:	15GB3403 (Re-open)
Stock code	:	4237 (HKGB 2.02 3403)
Tender Date and Time	:	Wednesday, September 11, 2019 9.30am to 10.30am
Issue and Settlement Date for tender amount	:	Thursday, September 12, 2019
Amount on Offer	:	HK$0.8 billion
Maturity	:	15 years
Remaining Maturity	:	Approximately 14.49 years
Maturity Date	:	March 7, 2034
Interest Rate	:	2.02 per cent p.a. payable semi-annually in arrears
Interest Payment Dates	:	March 9, 2020 September 7, 2020 March 8, 2021 September 7, 2021 March 7, 2022 September 7, 2022 March 7, 2023 September 7, 2023 March 7, 2024 September 9, 2024 March 7, 2025 September 8, 2025 March 9, 2026 September 7, 2026 March 8, 2027 September 7, 2027 March 7, 2028 September 7, 2028 March 7, 2029 September 7, 2029 March 7, 2030 September 9, 2030 March 7, 2031 September 8, 2031 March 8, 2032 September 7, 2032 March 7, 2033 September 7, 2033 March 7, 2034
Method of Tender	:	Competitive tender
Tender Amount	:	Each competitive tender must be for an amount of HK$50,000 or integral multiples thereof. Any tender applications for the Bonds must be submitted through a Primary Dealer on the current published list.   The accrued interest to be paid by successful bidders on the issue date (September 12, 2019) for the tender amount is HK$8.30 per minimum denomination of HK$50,000.   (The accrued interest to be paid for tender amount exceeding HK$50,000 may not be exactly equal to the figures calculated from the accrued interest per minimum denomination of HK$50,000 due to rounding).
Other details	:	Please see Information Memorandum available on the Government Bond Programme’s website at www.hkgb.gov.hk 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 15GB3403 (Stock code: 4237) listed on the Stock Exchange of Hong Kong.

 
     Price/Yield Table of the re-opening Government Bonds at tender for reference* only:

Yield-to-Maturity	Price	Yield-to-Maturity	Price
0.251	125.15	1.251	110.21
0.301	124.35	1.301	109.52
0.351	123.56	1.351	108.84
0.401	122.77	1.401	108.16
0.451	121.99	1.451	107.48
0.501	121.21	1.501	106.81
0.551	120.44	1.551	106.14
0.601	119.67	1.601	105.48
0.651	118.91	1.651	104.83
0.701	118.16	1.701	104.17
0.751	117.41	1.751	103.53
0.801	116.67	1.801	102.89
0.851	115.93	1.851	102.25
0.901	115.19	1.901	101.61
0.951	114.47	1.951	100.99
1.001	113.75	2.001	100.36
1.051	113.03	2.051	99.74
1.101	112.32	2.101	99.13
1.151	111.61	2.151	98.52
1.201	110.91	2.201	97.91
1.251	110.21	2.251	97.31

 
* Disclaimer

The information provided here is for reference only. Although extreme care has been taken to ensure that the information provided is accurate and up-to-date, the HKMA does not warrant that all, or any part of, the information provided is accurate in all respects. You are encouraged to conduct your own enquiries to verify any particular piece of information provided on it. The HKMA shall not be liable for any loss or damage suffered as a result of any use or reliance on any of the information provided here. read more

     The Hong Kong Economic and Trade Office in Brussels (HKETO, Brussels) supported, for the fifth consecutive year, the Oxfam Trailwalker organised by Oxfam Solidarity Belgium on August 31 and September 1 (Saint-Hubert time).   
      
     To raise money for charity this year, some 280 teams of four people each made the 100-kilometre trek through the picturesque Belgian region of Saint-Hubert in a maximum time of 30 hours.
      
     As the Trailwalker originates in Hong Kong, the event represents an ideal opportunity to build further connections between Belgium and Hong Kong. At this year’s Belgian Oxfam Trailwalker, Deputy Representative of HKETO, Brussels, Miss Fiona Chau, officiated at the opening ceremony, giving both the event’s opening remarks and its starting signal.
      
     In her opening remarks, Miss Chau highlighted the uniqueness of Hong Kong under the “one country, two systems” principle, which together with the fundamental strengths of Hong Kong, have led to the city’s success. She shared that Hong Kong has braved many challenges in the past and emerged even stronger on each occasion. The city has always been a resilient, resourceful and reasonable society, with Hong Kong people being its greatest strength, possessing the wisdom and wherewithal to handle anything that comes its way.

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The following is issued on behalf of the Hong Kong Monetary Authority:        The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (The Hongkong and Shanghai Banking Corporation Limited, Standard Char… read more

     The Professional Services Advancement Support Scheme (PASS) is inviting a new round of applications starting today (September 2) from non-profit-distributing organisations such as professional bodies, trade or industrial organisations and research institutes.

     The PASS, with a total allocation of $200 million, aims at funding non-profit-making industry-led projects to increase exchanges and co-operation between Hong Kong’s professional services and external counterparts, promote relevant publicity activities, and enhance the standards and external competitiveness of Hong Kong’s professional services.

     The maximum grant under the PASS for each approved project is $3 million or 90 per cent of the total eligible project cost, whichever is lower. A wide range of professional services is covered by the PASS, including accounting, legal and dispute resolution, architecture, engineering, healthcare, information and communications technology, design as well as technical testing and analysis. Sector-specific projects and cross-sectoral projects are both welcome.

     So far, 50 projects have been funded under the PASS, including seminars, forums, workshops, exchange events, exhibitions, and research and studies. Expenses directly incurred for implementing a project such as manpower costs, venue and set-up costs, production and promotion costs, and the project team’s travel and accommodation costs outside Hong Kong, are typically eligible for funding under the scheme. More details about the PASS and the funded projects are available at www.pass.gov.hk/en/home/index.html.

     The PASS receives applications all year round and they are processed on a quarterly basis. The deadline for the new round of applications is November 30, 2019.

     A briefing session will be held on September 20, 2019 for organisations interested in applying for the PASS funding. For registration for the briefing session or other enquiries, please contact the PASS Secretariat at 3655 5418 or pass@cedb.gov.hk. read more

     The Chief Secretary for Administration, Mr Matthew Cheung Kin-chung, together with the Secretary for Security, Mr John Lee; the Secretary for Transport and Housing, Mr Frank Chan Fan; and the Secretary for Education, Mr Ke… read more