digital bond

HSBC’s John O’Neill discusses the bank’s growing focus on digital assets and why Hong Kong has emerged as a key launchpad for its strategy.

The city will “regularise” the issuance of tokenised bonds, according to Hong Kong's financial secretary at his latest Budget speech; Chan is expecting GDP growth of 2% to 3% in 2025.

BoCom becomes the first Chinese financial institution to issue a digitally native bond in Hong Kong with a $300m floating rate offering.

The state-backed conglomerate's move should pave the way for future corporate issuances in 2025, which could make use of the HKMA’s grant scheme.

The HKMA has launched a grant scheme of up to HK$2.5m for future digital bond issuances, which is the SAR’s latest move to build its virtual asset ecosystem.

The $100 million issuance will be the group’s first digital sustainability-linked bond and Singapore’s largest foreign currency digital bond.