Hong Kong sees rising value in finance, trade: FS

Financial Secretary Paul Chan emphasized on Sunday that Hong Kong's finance and trade sectors are shifting from quantity accumulation to value enhancement. The city is preparing for the launch of the Offshore RMB Bond Index. Chan noted a surge in offshore renminbi bonds, or dim sum bonds, with they accounting for 38% of total bond issuances in the first three quarters of 2026, surpassing US dollar bonds for the first time.

This makes the renminbi the largest issuance currency in Hong Kong's listed bond market. Chan highlighted that bond issuers, ranging from mainland technology firms to overseas authorities and financial institutions, are increasingly using dim sum bonds as a crucial funding avenue. Approximately 75% of offshore renminbi transactions are processed via Hong Kong.

Chan explained that once the market reaches sufficient size, a specific benchmark is necessary for it. The Offshore RMB Bond Index will provide such a Hong Kong benchmark, aiding global investors in allocating renminbi assets. During the Hong Kong Maritime Week, the finance chief announced additional partner ports. The annual event is expected to draw over 18,000 global participants.

Chan emphasized that the green transition and artificial intelligence are transforming the shipping industry. The focus is on high-value-added maritime services such as financing, insurance, ship management, fuel supply, and even mediation and arbitration. He concluded that Hong Kong, as a trusted super connector, is generating more value for the financial and shipping industries.