Hong Kong’s Local Debt Market Becomes Surprise Funding Hotspot

Hong Kong’s once-quiet local currency bond market is quickly becoming one of Asia’s hottest funding venues, as corporate issuers seek stability in a city looking to lure more debt offerings.

Global and local entities have raised a record HK$74 billion ($9.4 billion) through public Hong Kong dollar bond issuance so far this year — a big turnaround for a market that for years has struggled with tepid demand and limited issuers, who mainly focused on small-scale private deals.