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华夏银行承销全国首单省级政府境外债
广东省地方债以"三箭齐发"形式亮相:5亿元2年期蓝色债券利率1.63%,为广东省首次在离岸市场推出 的蓝色金融产品,用于珠三角地市蓝色项目建设,助力水资源可持续利用和生态保护;15亿元3年期专 项债券利率1.75%,重点支持横琴粤澳深度合作区和第十五届全国运动会项目建设;5亿元5年期绿色债 券利率1.85%,投向清洁交通及可再生能源项目。债券发行吸引了中国澳门、中国香港、新加坡、马来 西亚、泰国、印度尼西亚等地金融机构踊跃认购,订单簿峰值达118亿元,认购倍数高达4.72倍,刷新 广东省政府澳门发债纪录,充分体现国际投资者对粤港澳大湾区及人民币资产的信心。 (文章来源:中国经营报) 近日,澳门和香港金融市场相继传来利好消息。华夏银行作为联席簿记管理人和联席主承销商,成功助 力广东省政府在澳门发行25亿元离岸人民币地方政府债券,并协助海南省政府在香港发行50亿元离岸人 民币地方债。这是2025年全国首单与第二单省级地方政府境外债券,创新推出蓝色债券、绿色债券及全 国首单"航天主题"地方债,标志着地方政府境外发债迈出新步伐,也彰显出华夏银行在跨境金融服务领 域的专业实力与品牌影响力。 两地项目均由属地分行牵头推进 ...
离岸债创新频出 金融助力区域战略落地见效
Jing Ji Guan Cha Wang· 2025-10-21 07:51
从粤港澳大湾区到海南自由贸易港,华夏银行持续以专业承销能力服务国家战略,以跨境金融优势深化区域合作。截至2025年10月20日,华夏银行年内已成 功落地162笔境外债承销业务,在彭博中国离岸债承销商排名中稳居国际一线阵营。 未来,华夏银行将继续立足国家区域发展战略,发挥跨境金融服务优势,服务绿色金融与创新产业发展,助力构建高质量、可持续的跨境金融新格局,为中 国经济高质量发展贡献更多"华夏银行力量"。 广东省地方债以"三箭齐发"形式亮相:5亿元2年期蓝色债券利率1.63%,为广东省首次在离岸市场推出的蓝色金融产品,用于珠三角地市蓝色项目建设,助 力水资源可持续利用和生态保护;15亿元3年期专项债券利率1.75%,重点支持横琴粤澳深度合作区和第十五届全国运动会项目建设;5亿元5年期绿色债券 利率1.85%,投向清洁交通及可再生能源项目。债券发行吸引了澳门、香港、新加坡、马来西亚、泰国、印尼等地金融机构踊跃认购,订单簿峰值达118亿 元,认购倍数高达4.72倍,刷新广东省政府澳门发债纪录,充分体现国际投资者对粤港澳大湾区及人民币资产的信心。 继广东之后,华夏银行再次助力海南省政府成功发行50亿元离岸人民币地方债。 ...
地方债“走出去”持续发力 认可度显著提高
Zheng Quan Ri Bao· 2025-09-25 17:47
自2021年10月份我国离岸人民币地方债首发以来,地方债"走出去"在持续发力。据《证券日报》记者不 完全统计,今年以来截至目前,已有多地在香港特别行政区、澳门特别行政区成功发行离岸人民币地方 债,发行规模已达到125亿元。 投资者认购踊跃 9月23日,"深圳财政"微信公众号发布消息称,日前深圳市政府在香港特别行政区成功发行2025年离岸 人民币地方政府债券。这是深圳市连续第五年安排地方政府债券在香港簿记发行、登记托管并挂牌上 市,持续推进粤港澳大湾区金融市场互联互通。本次发行债券规模为40亿元人民币,发行期限为2年 期、5年期、10年期,发行利率逐年下降。 除在香港连续发债外,深圳在今年9月9日还首次在澳门特别行政区成功发行10亿元离岸人民币地方政府 债券。 另据了解,广东、海南两地今年也已成功发行离岸人民币地方债。其中,8月26日,广东省政府在澳门 成功发行25亿元离岸人民币地方债,是广东连续第5年安排地方政府债券在澳门本地簿记发行、登记托 管并上市交易;9月12日,海南省2025年离岸人民币地方政府债券在香港完成簿记定价并发行,发行规 模50亿元人民币。 在明明看来,离岸人民币地方债的资金投向,不仅涵盖了 ...
交通银行连续四年助力海南省政府成功在港发行人民币债券
转自:新华财经 海南省政府9月12日在香港成功发行50亿元人民币债券,包括3年期25亿元可持续发展债券、5年期15亿 元蓝色债券及10年期10亿元地方政府首单航天主题债券,债券将在香港联合交易所上市。交通银行海南 省分行联动香港分行第四年入选海南省政府离岸债券发行承销团,并担任联席全球协调人、联席账簿管 理人及财务代理人等重要角色。 这是海南省第四次在香港发行离岸人民币地方政府债券,募集资金主要投向海洋保护、民生保障以及航 天领域相关重点科研和基础设施项目,将继续使用交通银行香港分行在海南省分行开立的海南自贸港多 功能自由贸易账户(EF账户)进行债券资金交收。 本次发行获得投资人的高度关注和踊跃认购,峰值订单规模达228亿元,认购倍数超4.5倍。3、5、10年 期债券的最终价格指引较初始价格指引分别大幅收窄47、52及50个基点,并定价在1.73%、1.83%及 2.10%。 发行前,交通银行于8月24日至26日牵头举办了投资者来琼非交易路演活动,助力宣传海南省信用亮点 及自贸港特色。发行中,交通银行连续第四年给予基石投资,承销份额位列全球协调人首位。同时,交 通银行澳门分行通过EF账户参与投资,进一步创新拓 ...
中资美元债周报:一级市场发行量回升,二级市场小幅上涨-20250915
Guoyuan Securities2· 2025-09-15 09:28
1. Report Industry Investment Rating No industry investment rating information is provided in the report. 2. Core Viewpoints of the Report - Last week, the issuance volume in the primary market of Chinese offshore bonds rebounded, and the secondary market showed a slight increase. The yields of US Treasury bonds mostly fluctuated upwards. There were various macro - economic events globally, including inflation data, employment data, and central bank policies [1][2][4]. 3. Summary According to Relevant Catalogs 3.1 Primary Market - The issuance volume in the primary market of Chinese offshore bonds rebounded last week, with 11 new bonds issued, totaling approximately $3.02 billion. The largest issuance was an $800 million green bond issued by China Construction Bank Shipping and Aviation Financial Leasing [1][6][9]. 3.2 Secondary Market 3.2.1 Performance of Chinese USD Bond Indexes - The Bloomberg Barclays Chinese USD bond index rose 0.29% week - on - week, and the emerging market USD bond index rose 0.48%. The investment - grade index of Chinese USD bonds closed at 200.6015, with a weekly increase of 0.29%, and the high - yield index closed at 163.463, also with a weekly increase of 0.29%. - The Markit iBoxx Chinese USD bond return index rose 0.18% week - on - week. The investment - grade return index closed at 241.6623, with a weekly increase of 0.18%, and the high - yield return index closed at 245.3842, with a weekly increase of 0.20% [4][8][13]. 3.2.2 Performance of Various Industries of Chinese USD Bonds - The healthcare and materials sectors led the gains, while the consumer staples and real estate sectors led the losses. The yield of the healthcare sector decreased by 774.9 bps, and that of the materials sector decreased by 38.1 bps. The yield of the consumer staples sector increased by 927.5 bps, and that of the real estate sector increased by 43.5 bps [17]. 3.2.3 Performance of Different Ratings of Chinese USD Bonds - Investment - grade names generally rose. The yield of the A - rated bonds decreased by 15.2 bps weekly, and that of the BBB - rated bonds decreased by 2.5 bps. Most high - yield names rose. The yield of the BB - rated bonds decreased by 4.0 bps, and that of the DD+ to NR - rated bonds decreased by about 5.4 bps. The yield of non - rated names increased by 808.4 bps [19][20]. 3.2.4 Hot Events in the Bond Market Last Week - Fanhai Holding failed to repay RMB 32.865 billion in interest - bearing debts on schedule. - Zhengrong Real Estate had new progress in major enforcement information, with a target amount of RMB 614 million. - Longfor Group's overseas debt restructuring plan made significant progress, adding asset trust and convertible bond options [20][21][23]. 3.2.5 Rating Adjustments of Entities Last Week - There were multiple rating adjustments for companies such as Aomen Grand Lisboa, Huainan High - tech Holdings, Tencent Music, and others. The reasons for the adjustments included business performance, market position, and industry environment [25][27][28]. 3.3 US Treasury Bond Quotes - The report provides quotes for 30 US Treasury bonds with maturities over 6 months, sorted by yield to maturity from high to low [29]. 3.4 Macro Data Tracking - As of September 12, the yields of US Treasury bonds were as follows: 1 - year (T1) was 3.6507%, up 0.08 bps from last week; 2 - year (T2) was 3.5556%, up 4.64 bps; 5 - year (T5) was 3.6334%, up 5.17 bps; 10 - year (T10) was 4.0643%, down 0.99 bps [33]. 3.5 Macro News - US CPI in August was 2.9% year - on - year, in line with expectations. Initial jobless claims increased by 27,000 to 263,000, the highest since October 2021. - Trump criticized Fed Chairman Powell, stating that the US has "no inflation." - US PPI declined 0.1% month - on - month in August, against an expected increase of 0.3%. - US non - farm employment was revised down by 911,000 from March last year to March this year. - OPEC maintained its global crude oil demand growth forecast for 2025 and 2026. - The European Central Bank kept its three key interest rates unchanged. - Japan's Q2 real GDP was revised up to a 0.5% quarter - on - quarter increase and a 2.2% year - on - year increase. - China's CPI was flat month - on - month and down 0.4% year - on - year in August. The central bank announced that the cumulative increase in social financing scale in the first eight months of 2025 was RMB 26.56 trillion. - China's goods trade import and export value increased 3.5% year - on - year in August. - The growth rate of national enterprise sales revenue in August accelerated by 0.9 percentage points compared to July. - The comprehensive inventory coefficient of automobile dealers in August was 1.31, down 3% month - on - month and up 12.9% year - on - year. - China's automobile production and sales increased 13% and 16.4% year - on - year in August respectively. - After the "8·8" real estate policy in Beijing was implemented for a full month, the transaction volumes of new and second - hand houses increased [30][31][35][36][37][38][39][40][43][44][45][47][48].
国际资本市场看海南机遇几多?
Sou Hu Cai Jing· 2025-09-15 00:44
Core Viewpoint - The issuance of 5 billion RMB offshore local government bonds by Hainan Province in Hong Kong reflects strong international investor confidence in the Hainan Free Trade Port's credit strength and development prospects, especially with the upcoming full island closure operation [3][4][5]. Group A: Development Prospects - The bond issuance coincides with a significant milestone for Hainan's Free Trade Port, as the full island closure operation is set to officially start on December 18, marking a phase of deeper reform and higher-level opening [4][5]. - The bond issuance attracted widespread attention, with peak orders reaching nearly 23 billion RMB, indicating strong investor interest [3][4]. Group B: Key Industries - The bonds include a first-of-its-kind aerospace-themed bond, with a total issuance of 1 billion RMB, aimed at funding marine protection, livelihood security, and key research and infrastructure projects in the aerospace sector [4][11]. - The successful launch of a satellite from Hainan's commercial spaceport has also drawn interest from international investors, showcasing the province's potential in high-tech industries [9][10]. Group C: Investment Environment - Hainan is the first provincial government in mainland China to issue offshore RMB bonds in Hong Kong, marking a significant step in aligning with international capital market standards [12][14]. - The bonds are included in the Hong Kong Monetary Authority's list of eligible collateral, enhancing their attractiveness to global investors [15]. - The province has established a robust debt repayment guarantee mechanism, ensuring that funds raised are effectively utilized for economic and social benefits [13].
中国光大银行以更实举措服务高水平对外开放
Sou Hu Cai Jing· 2025-09-12 23:57
Group 1 - The global political and economic landscape is rapidly evolving since 2025, with increasing trade barriers and deep restructuring of supply chains [1] - China Everbright Bank is committed to serving the country's high-level opening-up with competitive overseas business, focusing on green finance and sustainable development [1] - In the first half of 2025, the bank's overseas institutions embedded ESG principles into the entire process of credit, investment, and risk control, achieving significant milestones in green loans and bonds [1] Group 2 - The bank actively supports high-level opening-up by aligning cross-border financial services with national strategic initiatives, such as the Guangdong-Hong Kong-Macao Greater Bay Area [2] - In the first half of 2025, the Hong Kong branch facilitated a loan of 100 million HKD for infrastructure projects, enhancing regional integration [2] - The establishment of RMB interbank accounts in multiple overseas branches has effectively expanded cross-border RMB financing channels, contributing to the internationalization of the RMB [2] Group 3 - The bank is enhancing cross-border financial service solutions to meet the needs of enterprises going abroad, focusing on key sectors like infrastructure, energy transition, and digital economy [3] - The "Sunshine Easy Exchange" product system has been improved to better cater to the financing needs of enterprises in the Belt and Road Initiative [3] - As of June 2025, the bank provided a cross-border direct loan balance of 16.14 billion CNY, with approximately 4.03 billion CNY in loans to countries along the Belt and Road [3]
中国光大银行以更高站位落实国家战略,以更实举措服务高水平对外开放
Jiang Nan Shi Bao· 2025-09-12 04:14
江南时报讯 2025年以来,全球政经格局加速演变,贸易壁垒层层加码、产业链供应链深度重构。中国 光大银行坚定践行金融工作的政治性、人民性,围绕金融"五篇大文章",努力以特色化和有竞争优势的 境外业务服务国家高水平对外开放。 把"双碳"愿景转化为绿色金融施工图,在可持续赛道上跑出光大速度。2025年上半年,围绕做好绿色金 融"大文章",光大银行境外机构将ESG理念深度嵌入授信、投资、风控全流程:绿色贷款方面,共落地 15笔绿色/可持续发展挂钩贷款43.1亿元;绿色债券方面,香港分行、光银国际携手发行人、交易所、 国际评级机构,打通境外绿色债券"发行—认证—上市"全链条,累计助力发行19笔绿色债券,项目总发 行规模444亿元;光银国际还成功协助发行17笔可持续发展债券、2笔气候转型融资债券和1笔社会责任 债券,项目总发行规模265亿元,为传统行业绿色技术改造注入长期耐心资本。 积极发挥境内外协同优势,以多元化金融服务助力高水平对外开放。光大银行将跨境金融服务与粤港澳 大湾区建设、巩固香港国际金融中心地位、人民币国际化、高质量共建"一带一路"等国家重点战略部署 深度对接:上半年,香港分行落地1亿港元贷款,用于香港北 ...
海南自贸港与香港合作再深化,前景更广阔
Hai Nan Ri Bao· 2025-09-12 01:58
Core Viewpoint - The cooperation between Hainan Free Trade Port and Hong Kong is deepening, presenting broader prospects for mutual development and economic integration [2][3][6]. Group 1: Events and Initiatives - A promotional event titled "Hainan-Hong Kong Cooperation, Mutual Benefit and Win-Win" was held in Hong Kong, showcasing Hainan's achievements and policies in its Free Trade Port development [2][4]. - Twelve projects were signed during the event, covering various sectors such as culture, tourism, technology, and food processing [2]. - Hainan's offshore RMB local government bond roadshow attracted participation from 46 financial institutions across seven countries and regions [2][6]. Group 2: Economic Significance - Hainan is recognized as the only Chinese-style Free Trade Port, aiming to become a significant gateway for China's new era of opening up [3][6]. - Hong Kong serves as a major source of foreign investment for Hainan, accounting for over 70% of the actual foreign capital used in Hainan [6]. - From January to July this year, Hong Kong established 382 new enterprises in Hainan, marking a 7.3% increase year-on-year, with actual utilized Hong Kong capital reaching 11.872 billion yuan, a 99.3% increase [6]. Group 3: Policy and Future Outlook - Hainan's policies, such as zero tariffs and simplified tax systems, are seen as attractive to businesses, encouraging further investment and collaboration [4][5]. - The establishment of the Hainan-Hong Kong Economic Cooperation Development Advisory Committee aims to enhance collaboration in various fields, including trade, finance, and tourism [6]. - The upcoming full island closure operation of Hainan Free Trade Port on December 18 is expected to mark a significant milestone in its development and attract more international investment [7][8].
海南连续第四年在港发行离岸人民币地方政府债券
Hai Nan Ri Bao· 2025-09-12 01:58
海南连续第四年在港发行离岸人民币地方政府债券 推出中国地方政府首单航天主题债券 九月十一日,海南省在香港发行离岸人民币地方政府债券路演顺利完成,图为现场参会的投资人代表进 行提问。海南日报全媒体记者 封烁 摄 据悉,此次海南省预计在香港簿记建档发行不超过50亿元离岸人民币地方政府债券,其中包括中国地方 政府首单航天主题债券。发行期限为3年、5年和10年,其中3年期为可持续发展债券、5年期为蓝色债券、10 年期为航天主题债券。募集资金主要投向海洋保护、民生保障以及航天领域相关重点科研和基础设施项目。 此批债券已被香港金融管理局纳入人民币流动资金安排的合资格抵押品名单,且债券的利息及处置债券 取得的收入将免征香港利得税,有力提升了债券对投资者的吸引力。 当前,海南自贸港建设已进入成型起势、即将全岛封关运作的新阶段。与会嘉宾对海南自贸港封关运作 纷纷寄予厚望,看好未来发展前景。 "今年是海南自贸港建设具有里程碑意义的一年,全岛封关运作将于12月18日正式启动,这既标志着海南 在全面深化改革和推进高水平开放方面取得了阶段性成果,也预示着海南马上将进入更全面开放的快速道、 释放更丰厚的政策红利。"陈维民说,海南省政府再 ...