Supported by
Date: 26 March 2024
Time: 09:00 - 12:30 HKT
Location: Hong Kong Monetary Authority, 56/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong / virtual
Overview
After many years of growth, the international bond markets in Asia experienced a difficult year in 2022 but started to recover in 2023. The debt capital market is undergoing fundamental shifts in structure due to macroeconomic trends and the rise of sustainable finance. In particular, recently announced cooperative measures between Hong Kong and mainland financial authorities, ongoing reforms in the onshore Chinese market, and continued development of the Connect schemes all provide promising new opportunities to further enhance and deepen cross-border markets.
This event explored some of the latest developments in the regional primary and secondary fixed income securities markets, and highlighted Hong Kong’s unique role to facilitate international participation. Speakers included key regulators from Hong Kong and China, as well as major investors, intermediaries, lawyers, and other experts in the regional bond markets.
This event was conducted in English and Chinese with simultaneous translation.
This hybrid event was free to attend and open to ICMA members and interested market participants.
Please note that the programme is subject to change.
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| 9:00 | Welcome remarks Bryan Pascoe, Chief Executive, ICMA |
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| 9:05 | Keynote speech Darryl Chan, Deputy Chief Executive, Hong Kong Monetary Authority |
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| 9:15 | Presentation on trends in the Asian international bond market • Primary market issuance dynamics • Sustainable finance issuance trends • Secondary market dynamics and liquidity • Repo and hedging markets; electronic trading Speakers: Andy Hill, Senior Director, Market Practice and Regulatory Policy, ICMA Mushtaq Kapasi, Managing Director, Chief Representative, ICMA Asia-Pacific |
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| 9:35 | Panel 1 – Innovations and outlook for Asia international bond markets • Sustainable finance, including transition finance and blended finance • Fintech and digital bonds • Global macroeconomic policy and market resilience reforms • Secondary market dynamics Moderator: Frances Yoon, Financial Journalist
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| 10:20 | Coffee break | |
| 10:55 | Presentation: Hong Kong as a Premier Regional Bond Hub Daniel Leong, Division Head, External Department, Hong Kong Monetary Authority |
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| 11:15 | Presentation on Chinese repo market structure, dynamics, opportunities Ting Zhang, Deputy General Manager, ChinaBond Collateral Management Service Center, CCDC |
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| 11:25 | Panel 2 – The Chinese cross-border debt securities market: infrastructure, opportunities, and next steps for internationalisation • Evolution of market structure and infrastructure • Evolution of regulation and market practice • Potential uses and benefits of cross-border repo • Role of Hong Kong as a center for market internationalisation and RMB collateral fluidity Moderator: Ricco Zhang, Senior Director, ICMA Asia-Pacific
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| 12:20 | Closing remarks Mushtaq Kapasi, Managing Director, Chief Representative, ICMA Asia-Pacific |
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| 12:30 | Event Close |
