Third Hong Kong government digital bond issuance expected: Paul Chan

Hong Kong's financial secretary Paul Chan said at the Hong Kong Budget 2025-26 speech, on February 26, that the Special Administrative Region SAR will “regularise” the issuance of tokenised bonds, with a third tokenised bond under preparation by the Hong Kong Monetary Authority HKMA.

Meanwhile, the city will continue to encourage digital bond issuances through the Digital Bond Grant Scheme introduced late last year, while actively exploring tokenising traditional bonds issued.

The Hong Kong SAR government issued its first batch of tokenised green bonds in February 2023, with a HK$800 million $103 million offering under the Government Green Bond Programme. In February 2024, the government...