Shenzhen issued 4 billion yuan of offshore bonds in Hong Kong.

On September 22, the Shenzhen municipal government successfully issued 2025 offshore renminbi local government bonds in the Hong Kong Special Administrative Region. This is the fifth consecutive year that Shenzhen has arranged for local government bonds to be issued, registered, and listed on the Hong Kong bookkeeping system, continuing to promote financial market connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area. It is reported that the size of this bond issuance is 4 billion yuan, with terms of 2/5/10 years and decreasing interest rates each year. Specifically, the issuance size for a 2-year term is 1.5 billion yuan, with a pricing interest rate of 1.61%; the issuance size for a 5-year term is 1 billion yuan, with a pricing interest rate of 1.80%, and the funds raised will mainly be invested in projects such as clean transportation and water governance; the issuance size for a 10-year term is 1.5 billion yuan, with a pricing interest rate of 2.08%, and the funds raised will mainly be invested in healthcare, education, affordable housing, and urban village renovations.