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。 ...

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 ...

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 ...

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].

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].

Core Insights - Hainan Province successfully completed its offshore RMB local government bond roadshow in Hong Kong, marking the fourth consecutive year of such issuances [3][4] - The bond issuance attracted participation from 46 financial institutions across 7 countries and regions, highlighting strong international interest [3][4] Group 1: Bond Issuance Details - Hainan plans to issue no more than 5 billion RMB in offshore local government bonds, including China's first aerospace-themed bond [4][5] - The bonds will have maturities of 3, 5, and 10 years, with the 3-year bond designated as a sustainable development bond, the 5-year as a blue bond, and the 10-year as an aerospace-themed bond [4][5] - Proceeds from the bond issuance will primarily fund marine protection, social welfare, and key research and infrastructure projects in the aerospace sector [4] Group 2: Strategic Importance - The bond issuance reflects the close economic and financial cooperation between Hainan and Hong Kong, leveraging Hong Kong's status as an international financial center [4][5] - The upcoming full closure operation of Hainan Free Trade Port on December 18 is expected to release significant policy dividends and enhance the province's attractiveness to international investors [5][6] - Investors expressed optimism about Hainan's development prospects, emphasizing the unique investment opportunities presented by the continuous bond issuances [5][6]

Core Points - Hainan Province government is conducting its fourth consecutive offshore RMB bond issuance in Hong Kong, attracting participation from 46 financial institutions across 7 countries and regions [1][2] - The planned issuance is capped at 5 billion RMB, including China's first aerospace-themed bond, with maturities of 3, 5, and 10 years [1] - The funds raised will primarily support marine protection, livelihood security, and key research and infrastructure projects in the aerospace sector [1] Group 1 - The issuance of bonds is seen as a successful example of deepening financial cooperation between Hainan and Hong Kong [2] - Hainan's Vice Minister of Finance highlighted the achievements of the Hainan Free Trade Port and the new opportunities arising from the full closure operation of the island [2] - The continuous bond issuance provides overseas investors with quality investment options and encourages participation in the development of the Hainan Free Trade Port [2] Group 2 - The Hong Kong government welcomes enterprises and projects from Hainan and across the nation to utilize Hong Kong as a platform for bond issuance and listing [1] - Hainan's Secretary emphasized the importance of cooperation with Hong Kong, marking a new phase of high-level, comprehensive collaboration [1] - The cooperation aims to achieve resource sharing, market connectivity, and integration across various sectors including trade, finance, and tourism [1]