Hong Kong's domestic bond market still looking for diversification

Despite being one of the most mature among the regionÆs domestic debt markets, Hong Kong has yet to develop itself into a more accessible platform for a wider variety of issuers and investors.

Last year saw the Hong Kong dollar bond market top its previous high set in 2000 with almost HK$130 billion $16 billion worth of issuance, a year-on-year improvement of 30%. The market is one of Asia's most developed and active primary debt markets, with overflowing liquidity and enough borrowers to satisfy the current investor appetite.

Regarded as a decidedly efficient source of cheap funding for high-grade issuers, the market projects a particularly healthy deal flow from international borrowers such...

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