Hong Kong Hosted Half of Global Digital Bond Issuance in First Half
The city is also widening its bond market, deepening offshore renminbi liquidity and updating financial-market infrastructure.
Hong Kong accounted for half of global digital bond issuance by volume in the first half of 2026, as the city works to expand its bond market and strengthen its role in offshore renminbi business.
Hong Kong Monetary Authority Chief Executive Eddie Yue outlined the effort at the Treasury Markets Summit 2026 in Hong Kong on Sept. 23. Hong Kong’s bond market grew at a 20% compound annual rate over the past two decades, and the city represented about 25% of international bond issuance across Asia in 2025.
Hong Kong dollar-denominated “Wonton” bond issuance by global issuers increased 64% year over year in the first half of 2026. The push also includes deepening offshore renminbi liquidity and updating financial-market infrastructure.
“Our task is clear: we must build on this strong foundation and unlock new engines of growth,” Yue said.
The effort follows a 10-point roadmap jointly announced by the Hong Kong Monetary Authority and the Securities and Futures Commission on Sept. 25, 2025. It covers government bond issuance, secondary-market liquidity, offshore renminbi activity and financial-market infrastructure.
Hong Kong has also incorporated digital money into bond settlement. The government priced about HK$10 billion in digital green bonds on Nov. 10, 2025.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.