香港政府、金融监管机构和港交所一直致力深化及扩大两地资本市场互联互通。在中央人民政府大力支 持下，债券通、跨境理财通、交易所买卖基金纳入互联互通标的、互换通等多项增量扩容措施近年已相 继落实。其中，截至2025年十二月底，境外机构透过债券通等渠道持有内地债券的总规模超过34,000亿 元人民币，债券通北向通的日均成交量2025年达约390亿元人民币。 智通财经APP获悉，2月4日，香港财经事务及库务局局长许正宇在回复议员提问时表示，香港政府一直 致力推动香港本地债券市场的发展，务求令香港作为国际金融中心能发挥更多元化的功能。透过以创新 的形式定期发行政府债券（包括机构、零售、绿色和代币化债券等）激活市场、提升市场基础建设，及 推行发行资助（如绿色和可持续金融资助计划）和税务优惠（如合资格债务票据计划）等措施，香港已 发展成亚洲区的国际债券发行枢纽。 以安排亚洲机构向国际发行的债券规模计算，香港从2008年起连续十七年为区内第一，其中十年更位居 世界第一，2024年通过香港安排的发行规模超过1300亿美元，市场份额达到近百分之三十。其中，香港 更分别占首次债券发行市场约百分之七十，以及绿色和可持续债券发行市场的 ...

【1月26日香港特区政府行政长官称人民币债券市场规模2024年破万亿】1月26日，香港特区政府行政长 官李家超在亚洲金融论坛透露，香港人民币债券市场持续活跃。2024年，该市场规模突破1万亿元人民 币，2025年预计维持这一水平。 李家超强调，香港作为连接世界与内地繁荣发展的门户，将继续探索 深化内地与香港金融市场互联互通举措。包括在港推出离岸国债期货、拓展"沪深港通"下的利率衍生品 业务。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

1月26日，香港特区政府行政长官李家超在亚洲金融论坛上表示，香港人民币债券市场持续活跃，2024 年市场规模突破1万亿元人民币，2025年预计维持这一水平。香港是连接世界与内地繁荣发展的门户， 李家超强调，香港将继续探索深化内地与香港金融市场互联互通的举措，在港推出离岸国债 期货、拓 展"沪深港通"下的利率衍生品业务。 ...

Group 1 - As of 2025, the number of foreign and associated companies in Hong Kong is expected to reach 11,017, an 11% increase from the previous year, marking a historical high. Companies from ASEAN, the Middle East, and mainland China are showing particularly strong growth, employing nearly 510,000 people in Hong Kong [1] - The number of startups in Hong Kong is projected to exceed 5,200 by 2025, also a historical high, with a year-on-year growth of 11%. These startups are expected to employ nearly 20,000 people, a 12% increase from the previous year [1] - The Hang Seng Index is anticipated to rise approximately 30% in 2025, with an average daily trading volume surpassing $32 billion. The IPO market is expected to rebound strongly, with fundraising reaching $3.6 billion, reaffirming the attractiveness of the capital market [1] Group 2 - Hong Kong processes about three-quarters of global offshore RMB payments and has the largest offshore RMB liquidity pool. The introduction of offshore RMB repurchase and cross-border purchase services in 2025 will further enhance liquidity channels [2] - The RMB bond market in Hong Kong is expected to remain active, with the market size surpassing 1 trillion RMB in 2024 and maintaining this level in 2025. Hong Kong aims to deepen financial market connectivity with the mainland [2] - Digital assets are becoming a key driver of financial innovation in Hong Kong, with the second digital asset policy statement released and regulations being developed. A licensing regime for digital asset trading and custody service providers is expected to be concluded by the end of 2025 [2] Group 3 - As of September 2025, assets under management in green and sustainable funds in Hong Kong are expected to exceed $141 billion, with the number of funds and assets growing by 32% and 23% respectively over three years [3] - Hong Kong plans to increase its airport gold storage capacity to 2,000 tons and is committed to building an international gold trading market and enhancing the commodity trading ecosystem [3] - The Hong Kong gold industry has formed a complete industrial chain, with the first offshore warehouse of the Shanghai Gold Exchange in operation and over 20,000 tons of metals stored in warehouses supporting exchange contract delivery [3]

智通财经APP获悉，1月22日，香港财经事务及库务局副局长陈浩濂在立法会会议上就议员动议的"制订 香港特区发展愿景，主动对接国家'十五五'规划"议案发言指出，香港财库局已制定中长期愿景，推动 金融业融入和服务国家发展大局，重点有巩固提升市场优势、助力实体经济高质量发展、深化内外联动 以及守护金融安全四大方面。 第一，巩固提升市场优势。香港市场高度开放和国际化，监管接轨海外、法治稳健、人才汇聚、基建完 善、资金和资讯自由流通。香港财库局会继续提升股票市场竞争力，便利中概股回归、强化离岸人民币 业务枢纽，提升流动性和产品工具，并会继续吸引家族办公室落户，优化税制，以加强资产管理业务的 竞争力。 第三，深化内外联动。香港财库局会以沪深港通、债券通、跨境理财通等为基础，在"十五五"时期将继 续拓展互联互通，包括推动房地产投资信托基金纳入"互联互通"、推出离岸国债期货、推进人民币柜台 纳入港股通、优化快速支付系统互联等，用好大湾区政策"试验田"。 香港也会发挥"超级联系人"角色，助力内地企业"走出去"、把海外企业和国际资金"引进来"，吸引企业 在港设立财资中心及专属自保公司，并透过亚洲金融论坛、裕泽香江高峰论坛等金融盛 ...

Group 1 - The current global financial landscape is undergoing a transformation driven by technology, particularly artificial intelligence and blockchain, creating new opportunities for financial markets [1] - Hong Kong's financial market has shown remarkable performance this year, with IPO fundraising totaling nearly HKD 150 billion, ranking first globally, and a significant increase in international long-term capital participation [1] - The Hang Seng Index has risen over 30% this year, with daily trading volumes reaching historical highs, averaging over HKD 250 billion [1] Group 2 - The active IPO market and influx of capital have positively impacted the A-share market, with H-shares listed in Hong Kong seeing an average daily trading volume increase of 28% and an average stock price rise of 15% since last September [1] - Hong Kong's unique value in connecting domestic and global capital is reflected in its ranking as the third global financial center, with a narrowing score gap with New York and London [2] - Hong Kong aims to solidify its financial market's advantages while diversifying into emerging sectors such as fixed income, currency markets, commodities, and digital assets [2] Group 3 - The fixed income and currency markets are crucial for risk management and investment, with the region's international bond issuance growing at an annual rate of 16%, significantly outpacing the global average of 4% [3] - Hong Kong has established itself as a leading international bond issuance hub in Asia, accounting for nearly 30% of the region's total issuance, with green and sustainable bonds making up about 45% [3] Group 4 - The development of the fixed income market aligns with Hong Kong's goal of enhancing its offshore RMB business, with the issuance of RMB-denominated "dim sum bonds" reaching CNY 1 trillion last year, doubling from 2021 [4] - Initiatives are underway to improve the offshore RMB ecosystem, including enhancing liquidity, product supply, and introducing risk management tools like offshore government bond futures [4][5] Group 5 - The implementation of these measures will help create a more effective offshore RMB yield curve, providing issuers with precise pricing benchmarks and better meeting global investors' demand for RMB assets [5]

Core Viewpoint - Hong Kong aims to establish itself as a global hub for fixed income and currency products, with a focus on enhancing market depth and breadth through a comprehensive development roadmap [1][3]. Group 1: Development Initiatives - The Hong Kong government, through the Securities and Futures Commission and the Monetary Authority, has released a roadmap outlining 10 specific measures to enhance the fixed income and currency markets [3]. - The roadmap focuses on four key areas: primary market issuance, secondary market liquidity, offshore RMB business, and next-generation financial infrastructure [3]. Group 2: Market Growth and Position - Over the past 15 years, the average annual growth rate of international bond issuance in Asia has been 16%, significantly higher than the global average [3]. - Hong Kong has established itself as a leading international bond issuance hub in Asia, accounting for nearly 30% of the region's international bond issuance, with green and sustainable bonds making up about 45% of this total [3]. Group 3: Offshore RMB Market - The issuance of RMB "dim sum bonds" in Hong Kong reached 1 trillion RMB last year, nearly doubling from 2021, indicating a growing demand for RMB-denominated products in the international market [4]. - Future plans include enhancing the connectivity mechanisms and expanding RMB product offerings, with the aim of introducing offshore government bond futures and other risk management tools [4]. Group 4: Financial Infrastructure Upgrades - The Hong Kong Monetary Authority is collaborating with the Hong Kong Exchanges and Clearing Limited to centralize the management and collateralization of various assets on a single platform [4]. - The Securities and Futures Commission is exploring the feasibility of an electronic bond trading platform and promoting the establishment of a commercial repurchase market and central counterparty system to improve market liquidity and efficiency [4].

Group 1 - The Hong Kong government aims to enhance the competitiveness of the stock market through various measures, including the introduction of a "T+1" settlement cycle, support for mainland tech companies, and improvements to listing mechanisms [2][3] - The proposed "T+1" settlement cycle would allow investors to receive cash or complete payments the day after trading, significantly improving market efficiency and reducing counterparty risks [2] - The establishment of a "Tech Enterprise Express" service will assist mainland tech companies in financing in Hong Kong, reducing communication costs and accelerating the financing process for high-growth, innovative firms [3] Group 2 - The report emphasizes the importance of building a diversified product ecosystem in Hong Kong's capital market, with initiatives to issue more RMB bonds and develop offshore government bond futures [4] - The creation of a "Commodity Strategy Committee" aims to enhance the trading ecosystem for commodities in Hong Kong, optimizing international commodity trading processes through financial innovation [4] - The establishment of an international gold trading market and the expansion of gold investment tools are also highlighted as key initiatives to diversify investment products [4]

Group 1: Hong Kong's Financial Market Developments - The Hong Kong government aims to seize opportunities from global investors reallocating assets to strengthen its position as an international financial center [1] - The Hang Seng Index has risen over 20% since the beginning of the year, with an average daily trading volume close to HKD 250 billion, nearly doubling from last year [1] - New stock fundraising has reached over HKD 130 billion by the end of August, marking a nearly sixfold year-on-year increase, making Hong Kong the top global market for new stock offerings [1] Group 2: Support for Technology and Innovation - The government plans to assist mainland technology companies in raising funds in Hong Kong through a "Tech Enterprise Line" and enhance financial support for national technological development [1] - Initiatives include optimizing the main board listing and structured product issuance mechanisms, and exploring the shortening of the stock settlement cycle to T+1 [1] Group 3: Bond and Currency Market Enhancements - The government will work to solidify Hong Kong's status as a bond center and enhance financial infrastructure, including discussions on launching offshore national bond futures [1] - The Hong Kong Monetary Authority (HKMA) will establish a new "Renminbi Business Fund Arrangement" to provide long-term RMB financing to support the real economy [2] - More RMB bonds will be issued, and the government will explore using RMB for government expenditures in suitable scenarios [2] Group 4: Gold Market Development - The government aims to develop a regional gold reserve hub, targeting over 2,000 tons of gold storage within three years [2] - Initiatives include establishing a central clearing system for gold in Hong Kong and promoting the development of gold investment tools and funds [2] Group 5: Wealth Management and Insurance Sector Growth - Hong Kong is expected to become the largest cross-border wealth management center globally, with plans to optimize tax incentives for funds and family offices [3] - The government will revise regulations to lower capital requirements for infrastructure investments and promote the development of the local self-insurance and reinsurance industry [3]

Financial Market Enhancements - The Hong Kong government aims to shorten the stock settlement cycle to T+1 and promote more overseas companies to list in Hong Kong [2][3] - The Hong Kong Securities and Futures Commission (SFC) is actively working to include Real Estate Investment Trusts (REITs) in the "mutual market access" scheme to enhance liquidity [2][5] - The government plans to assist mainland technology companies in financing in Hong Kong through the "Tech Enterprise Line" [3] Bond Market Development - The Hong Kong government is focused on solidifying its position as a bond center by enhancing financial infrastructure and creating a centralized platform for managing various assets [4] - Discussions are ongoing with mainland institutions to launch offshore Chinese government bond futures in Hong Kong [4] - The SFC is exploring the feasibility of an electronic bond trading platform and promoting the establishment of a commercial repurchase market [4] Currency Market Growth - To increase the liquidity of the offshore RMB market, the Hong Kong Monetary Authority (HKMA) will establish new RMB funding arrangements to support enterprises [5] - The number of accounts for mainland investments in Hong Kong wealth products has increased significantly, from 25,000 to 110,000 since the launch of "Cross-Border Wealth Management Connect 2.0" [5] Gold Market Expansion - The government has accepted recommendations to develop the gold market, aiming to establish a regional gold reserve hub with a target of over 2,000 tons in three years [7] - Plans include building a central clearing system for gold transactions and inviting the Shanghai Gold Exchange to participate [7] Housing Supply Strategy - According to the Long-Term Housing Strategy, the demand for private housing over the next decade is projected to be 126,000 units, with sufficient land supply to meet this demand [8] - The government plans to prepare approximately 2,600 hectares of "ready-to-develop" land over the next decade to ensure healthy land reserves [8]