Zhuhai Huafa Group issued 1.4 billion RMB digital bonds in Hong Kong, the first Chinese digital bonds issuance in Hong Kong

2025-01-16 02:45:39

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Shenzhen TechFlow news, on January 16, China’s state-owned enterprise Zhuhai Huafa Group issued 1.4 billion RMB (approximately 190 million USD) digital bonds in Hong Kong on December 23, which is the first Chinese digital bond issued in Hong Kong. The bond was issued through HSBC’s Orion digital asset platform, which is operated by the Central Securities Depository (CMU) in Hong Kong.

The three-year, 4.5% digital bond is dual-listed on the Hong Kong Stock Exchange and the Macau Stock Exchange. Investors can trade through HKEX’s Southbound Trading, Euroclear and Euroclear/Clearstream. Fitch has assigned a BBB rating to the bond. United Ratings International positions the issuance as part of its plan to internationalise the renminbi and develop the offshore renminbi market.

ORION-3,3%

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