As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.

The offerings attracted public sector institutions, banks, asset managers, corporates and private banks, with particularly strong participation from Asia.

Soonwook Kwon was most recently managing director and branch manager at UBS in Seoul.

The spun off firm from JD.com is preparing for an initial public offering on the Hong Kong Stock Exchange on December 11; the deal could generate around $20m of fees.

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The second foreign currency-denominated sovereign bond from China within a month has seen record popularity, and was oversubscribed 25 times.

Hong Kong’s financial secretary Paul Chan described the government's issuance of a third digital green bond as "reflecting the market support for tokenised products". The many times oversubscribed issuance had a large range of global investors.

China’s new five-year plan for 2026–2030 marks a decisive policy shift, placing domestic consumption and reform at the core of its growth strategy.