Tag Archives: China

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HAD opens temporary heat shelters

     â€‹The Home Affairs Department will continue to open 19 community halls/community centres as temporary heat shelters today (May 30).
 
     The temporary heat shelters will remain open for people to take refuge from the heat when the Very Hot Weather Warning is in force. From 10.30pm to 8am the next day, the temporary heat shelters will also provide bedding and a sleeping place for people in need. The shelters are manned by duty attendants.
 
     For further information, please call the department’s hotline before midnight on 2572 8427.
 
     The heat shelters are located at:
 
Hong Kong Island:
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Central and Western –
Sai Ying Pun Community Complex Community Hall
3/F, Sai Ying Pun Community Complex
2 High Street, Sai Ying Pun


Eastern –
Causeway Bay Community Centre
3/F, 7 Fook Yum Road, Causeway Bay
 
Southern –
Wah Kwai Community Centre
Wah Kwai Estate, Kellett Bay
 
Wan Chai –
Wan Chai Activities Centre
LG/F, Wan Chai Market, 258 Queen’s Road East, Wan Chai
 
Kowloon Districts:
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Kowloon City –
Hung Hom Community Hall
1/F, Kowloon City Government Offices
42 Bailey Street, Hung Hom
 
Kwun Tong –
Lam Tin (West) Estate Community Centre
71 Kai Tin Road, Lam Tin
 
Sham Shui Po –
Shek Kip Mei Community Hall
G/F, Block 42, Shek Kip Mei Estate, Sham Shui Po
 
Wong Tai Sin –
Tsz Wan Shan (South) Estate Community Centre
45 Wan Wah Street, Tsz Wan Shan
 
Yau Tsim Mong –
Henry G Leong Yaumatei Community Centre
60 Public Square Street, Yau Ma Tei
 
New Territories Districts:
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Islands –
Tung Chung Community Hall
G/F, Tung Chung Municipal Services Building, 39 Man Tung Road, Tung Chung
 
Kwai Tsing –
Kwai Shing Community Hall
Podium, Block 6, Kwai Shing West Estate, Kwai Chung
 
North –
Cheung Wah Community Hall
Cheung Wah Estate, Fanling
 
Sai Kung –
Hang Hau Community Hall
G/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Hang Hau, Tseung Kwan O
 
Sha Tin –
Lung Hang Estate Community Centre
Lung Hang Estate, Sha Tin
 
Tai Po –
Tai Po Community Centre
2 Heung Sze Wui Street, Tai Po
 
Tsuen Wan –
Lei Muk Shue Community Hall
G/F, Hong Shue House, Lei Muk Shue Estate, Tsuen Wan
 
Tuen Mun –
Wu Shan Road Community Hall
101 Wu Shan Road, Tuen Mun
 
Yuen Long –
Long Ping Community Hall
Long Ping Estate, Yuen Long

Yuen Long –
Tin Yiu Community Centre
Tin Yiu Estate, Tin Shui Wai
 
    In addition to the above heat shelters, a number of community halls/community centres can also be used for taking refuge from the heat during their operating hours. For their address details, please browse the following document: www.had.gov.hk/file_manager/en/documents/public_services/emergency_services/List_CH_CC_Day_E.pdf. read more

Exchange Fund Bills tender results

The following is issued on behalf of the Hong Kong Monetary Authority:

     Exchange Fund Bills tender results:
 

Tender date : May 30, 2023
Paper on offer : EF Bills
Issue number : Q2322
Issue date : May 31, 2023
Maturity date : August 30, 2023
Amount applied : HK$130,820 MN
Amount allotted : HK$59,871 MN
Average yield accepted : 4.26 PCT
Highest yield accepted : 4.33 PCT
Pro rata ratio* : About 92 PCT
Average tender yield : 4.47 PCT
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Tender date : May 30, 2023
Paper on offer : EF Bills
Issue number : H2351
Issue date : May 31, 2023
Maturity date : November 29, 2023
Amount applied : HK$54,050 MN
Amount allotted : HK$15,000 MN
Average yield accepted : 4.27 PCT
Highest yield accepted : 4.30 PCT
Pro rata ratio* : About 30 PCT
Average tender yield : 4.37 PCT
 
*”Pro rata ratio” refers to the average percentage of allotment with respect to each tender participant’s tendered amount at the “highest yield accepted” level.
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     Hong Kong Monetary Authority tenders to be held in the week beginning June 5, 2023:
 
Tender date : June 6, 2023
Paper on offer : EF Bills
Issue number : Q2323
Issue date : June 7, 2023
Maturity date : September 6, 2023
Tenor : 91 Days
Amount on offer : HK$58,964 MN
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Tender date : June 6, 2023
Paper on offer : EF Bills
Issue number : H2352
Issue date : June 7, 2023
Maturity date : December 6, 2023
Tenor : 182 Days
Amount on offer : HK$11,000 MN
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Tender date : June 6, 2023
Paper on offer : EF Bills
Issue number : Y2390
Issue date : June 7, 2023
Maturity date : June 5, 2024
Tenor : 364 Days
Amount on offer : HK$3,000 MN
read more

HKMC’s pilot infrastructure loan-backed securities issuance

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Mortgage Corporation Limited (HKMC) announced today (May 30) the successful completion of its first issuance of infrastructure loan-backed securities under its pilot scheme on infrastructure financing securitisation. This is executed through a special purpose vehicle (SPV), Bauhinia ILBS 1 Limited (Bauhinia 1). As a policy measure in the 2022-23 Budget, the successful issuance of Bauhinia 1 marks an important step taken by the HKMC towards developing an infrastructure financing securitisation platform in Hong Kong.

     The Financial Secretary, Mr Paul Chan, said, “The issuance of Bauhinia 1 will enable the local infrastructure financing market to become more vibrant and diversified, and also facilitate the inflow of market capital to high quality infrastructure projects. This will enable the development of the infrastructure financing hub in Hong Kong, and propel Hong Kong to become the premier overseas financing platform under the national Belt and Road Initiative.”

     Bauhinia 1 has a portfolio of 35 project and infrastructure loans in 25 individual projects spreading across 12 countries and 9 sectors, with a total value of approximately US$404.8 million. Bauhinia 1 offers institutional investors exposure to a diversified portfolio of project finance, infrastructure and corporate loans across multiple geographies and sectors. 

     Following a two-week roadshow, Bauhinia 1 has garnered strong interests from investors with diversified background including multilateral, local and international financial institutions, insurance companies, asset managers and others. In total, five classes of notes are issued (Class A1-SU, Class A1, Class B, Class C and Class D), all of which are investment grade rated, with aggregate principal of US$ 364.4 million. The issued notes are listed on The Hong Kong Stock Exchange. The HKMC acts as the sponsor, collateral manager and risk retention holder of the transaction. 

     Within the capital structure of Bauhinia 1, there is an US$100 million sustainability tranche (Class A1-SU) backed by sustainable, green and social assets. Class A1-SU is issued in accordance with the HKMC’s Social, Green and Sustainability Financing Framework, which aligns with the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines released by the International Capital Market Association. It demonstrates the HKMC’s commitment to green and sustainable development.

     Asian Infrastructure Investment Bank (AIIB) participated in this issuance as an anchor investor, as a way to fulfil its strategic priority to mobilise private capital into the infrastructure sector.

     “The debut issuance of Bauhinia 1 is an important milestone that will contribute to the deepening of the infrastructure securitisation market in Asia. It continues our aim to support our clients by delivering innovative solutions to attract private capital into emerging market infrastructure,” said the AIIB’s Vice President for Investment Operations (Region 2), Mr Konstantin Limitovsky, “AIIB looks forward to continuing our cooperation with the HKMC to support the further issuances under the infrastructure securitisation platform along Paris-aligned and net zero development pathway.”

     ING Bank, MUFG Securities Asia Limited and Standard Chartered Bank are the Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners of the offering. Fubon Bank (Hong Kong) Limited is the Co-Manager of the offering. read more