Proceeds from HKMC’s largest public bond offering will be used to help Hong Kong's elderly unlock the value of properties for livelihood needs and boost the silver economy.

The HKMA and SFC want to encourage primary issuances, enhance secondary liquidity, improve infrastructure, and play a prominent role in the internationalisation of the Renminbi.

Corporate issuances are increasing in the offshore Renminbi bond market, despite challenges around rates, liquidity and diversification; Hong Kong is poised to benefit.

The rationale behind all the winners in mainland China, Hong Kong, Mongolia, South Korea and Taiwan.

The Rmb2.5bn 2.0% notes are the German carmaker’s third onshore Renminbi bond issuance. The company told FA that the move is part of its funding diversification efforts.

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

The cooperation includes a new arrangement between the HKMA and AMCM to facilitate a cross-border investment channel to clear, settle, and hold bonds registered in either market; bond deals are climbing strongly in Macau.

A wide range of factors have paved the way for a larger offshore Renminbi fixed income market, according to senior bankers.

Rmb internationalisation faces challenges from Trump’s determination to keep the US dollar as the leading global currency; FA understands that Hong Kong is taking a more "commercial" approach.

Slowing loans, M&A and ECM hit banks' fees last year. Technology, exports and bonds are bright spots, while Hong Kong is increasingly being seen as a place to raise foreign capital. PBOC's governor Pan Gongsheng wants a proactive policy approach.