Rumor has it that the Hong Kong Government plans to issue up to HK$20 billion worth of multi-currency digital green bonds

The Zhitong Finance App learned that the media quoted people familiar with the matter as reporting that the Hong Kong government plans to raise HK$15 billion to HK$20 billion by issuing multi-currency digital green bonds, which will be the largest transaction of its kind in the world. The report said that bonds are denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi, and the price may be fixed as early as the week. The Hong Kong government has commissioned a number of banks to arrange a series of fixed income investor meetings this week.

Hong Kong is working to expand the digital bond, or tokenized bond market. These bonds are issued, traded, and settled using blockchain technology.

Chief Executive Li Jiachao has promised to regularize the issuance of such bonds to promote innovation and application. The deal will also boost Hong Kong's efforts to strengthen the fixed income market through green finance and tokenization.

Li Jiachao explained in last week's Policy Address that from 2025 to the first half of 2026, digital bonds issued in Hong Kong accounted for nearly 50% of the global market. The Hong Kong government said it plans to use digital currency for settlement and explore dividend payment and redemption processes based on blockchain technology.