Bond Market | South China Morning Post
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  • Mar 2, 2015
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Bond Market

525,000 subscribers flock to iBonds

Hongkongers wait outside a bank in Kwun Tong earlier this month to subscribe to the third issue of iBonds. Photo: Dickson Lee

More than half a million Hongkongers - a total of 525,359 - subscribed for the third batch of government inflation-linked bonds, up more than threefold from 155,835 applications for the first batch in 2011 and 58 per cent up on the 332,467 who applied for last year's batch.

Friday, 14 June, 2013, 3:49am

BOJ split on measures to stabilise bond market

The BOJ board opens its meeting on Monday. Photo: Bloomberg

The Bank of Japan is divided over whether to authorise a measure designed to quell bond-market volatility, with some officials concerned it would return the BOJ to a pattern of incremental steps that failed in the past, say people familiar with the discussions.

7 Jun 2013 - 3:46am

UBS China pins hopes on China bond market, derivatives

David Li, chairman of UBS China, says the expansion of the mainland bond market will create demand for currency swaps and collateralised loan obligations. Photo: David Wong

UBS Securities, a joint venture managed by the Swiss banking group, reported last month its net earnings shrank by more than 90 per cent to 11.3 million yuan (HK$14.3 million) over the four-year period to last year.

20 May 2013 - 4:18am

Beijing set to pave way for new yuan investment funds

CSRC chairman Xiao Gang

The China Securities Regulatory Commission and the State Administration of Foreign Exchange have begun vetting applications for new renminbi qualified foreign institutional investor (RQFII) products following a three-month hiatus.

20 Apr 2013 - 5:44am

Quantitative easing endgame is nothing to lose sleep over

Since the bubble economy burst at the beginning of the 1990s, Japan's gross government debt has expanded from 66 per cent of GDP to reach 245 per cent last year, as banks rely on increasing purchases of government bonds to make up for falling demand for loans from Japan's risk-averse businesses and individual borrowers. Photo: Reuters

With the world's major central banks printing money at unprecedented rates to fund governments' ballooning deficits, some investors are worried about a generalised collapse in the bond markets.

18 Apr 2013 - 5:33am 1 comment

World leading economies to see drop in debt

Deutsche Bank expects German bonds to outperform French debt.

The world's leading economies will have US$220 billion less sovereign debt to refinance this year, cutting supply after every major government bond market rallied for the first time since the 2008 financial crisis.

3 Jan 2013 - 4:36am

Beijing mulls plan to boost debt market

The aim is to integrate bond trade on the stock exchanges. Photo: Bloomberg

Beijing is weighing the introduction of a depository receipt system in the country's bond market to direct a part of the debt currently traded on the interbank market to the domestic stock exchanges.

27 Dec 2012 - 1:59am

Boom to cool next year as sales slump

Europe's corporate bond market risks becoming a victim of its own success in the year ahead as reduced issuance by cash-rich treasurers offers slim pickings for investors accustomed to the double-digit returns this year.

21 Dec 2012 - 3:46am

Beijing curbs bond issues on default fears

The mainland's bond regulator has stopped approving debt sales by governments below provincial level, underscoring concerns of defaults arising from a flood of bond issues by local government financing vehicles this year.

7 Nov 2012 - 3:36am

Poor bond market to blame for tepid MPF, says Professional Commons

Mandatory Provident Fund investment losses can be blamed at least partly on the city's immature bond market, which drives investment agents to buy into risky stocks, according to a think-tank.

A Professional Commons' report released yesterday said heavy reliance on stock investments was risky due to market volatility in recent years.

29 Oct 2012 - 6:37am 1 comment

Tencent returns to bond market with US$600 million issue

Shenzhen-based Tencent hosts online games. Photo: Bloomberg

Tencent, China's biggest internet company, went back to the bond market yesterday with an issue of US$600 million in senior unsecured notes that professional investors quickly snapped up.

30 Aug 2012 - 3:17am

Focus turns to bonds ahead of monetary easing

Agricultural Development Bank of China (ADBC), one of the mainland's largest policy lenders, will sell 15 billion yuan (HK$18 billion) in debt on Thursday.

The aim is to test investors' appetite for bonds amid expectations of further monetary easing by Beijing.

8 May 2012 - 12:00am

Investors have more confidence in bond funds

The low interest rate environment and overhanging uncertainties in the global economy make bond funds an increasingly attractive option as investors look for stable returns, according to the Hong Kong Investment Funds Association.

Equity fund sales remained lacklustre in the first two months of this year despite the steady rebound in stock markets, the association said.

14 Mar 2012 - 12:00am

Asia seen better bet than US or Europe

Asian markets are the safe bet for investors this year as the United States struggles to get back on the rails and Europe grapples with a debt crisis, economists say.

Recovery in the US will continue to be weak despite signs consumption may be picking up and balance sheets are improving.

17 Jan 2012 - 12:00am

Equities set to recover

Traditionally, May is considered a dull month for equities and other investments, as most traders take a breather after a hectic spring season.

This year, though, global equities have taken a different turn. Equities fell last month, as signs emerged that the global economy was slowing.

14 Jun 2011 - 12:00am