ePrime congratulates Hainan Province of the People’s Republic of China on the Successful Issuance of Offshore RMB Local Government Bonds
24 September 2025
ePrime Issuance Service congratulates People’s Government of Hainan Province of the People’s Republic of China (hereinafter referred to as "Hainan People’s Government”) on the successful issuance of 3, 5 and 10 year local government bonds totaling 50 billion on 12 September 2025. The issue yield for the 3-year tranche (Sustainability Bonds) was at 1.73%, 5-year (Blue Bonds) at 1.83%; and 10-year (Aerospace-Themed Bonds) at 2.1%. The bonds will be listed on the Stock Exchange of Hong Kong. The main participating institutions in this bond issuance completed bookkeeping, order allocation, and pricing smoothly through ePrime Issuance Service.
This bond issuance followed international market practice and received widespread attention from investors from Europe and Asia including funds, commercial banks, investment banks, securities companies, and asset management companies, etc. The orderbook reached a peak of RMB 23 billion, demonstrating confidence in the development of the marine economy and Free Trade Port in Hainan Province from international capital markets.
This marks the fourth offshore RMB bond issuance by the Hainan People’s Government in Hong Kong since 2022. The net proceeds from this issuance will be used for marine conservation, socioeconomic advancement and empowerment, as well as key scientific research and infrastructure projects in the aerospace sector. The 10-year bond issued this year represents the first aerospace-themed local government bonds issued in China.
Mr. Cai Qiang, Director of the Hainan Provincial Department of Finance, commented that issuing offshore RMB local government bonds in Hong Kong represents a significant step for the Hainan Free Trade Port in connecting with international trade standards. It is also a key channel for attracting international capital to support Hainan's key industries and an important step to promote innovation and openness in the financial sector of Hainan Free Trade Port. Looking ahead, Hainan will further integrate into global capital markets, continuing to advance both outbound engagement and inbound investment initiatives, in order to secure stronger funding support for the high-quality development of the Free Trade Port and to pioneer replicable institutional experiences for advancing high-standard opening-up of the country.
Mr. Tony Wang, General Manager of BCCL, commented, “We are delighted to support Hainan People’s Government’s offshore local government bonds issuance again. This marks another significant achievement in BCCL’s ongoing partnership with Hainan People’s Government in overseas bond issuance. BCCL is committed to improving the efficiency and convenience of the bookbuilding process for offshore bond transactions and will continue to support the Hainan People’s Government and other local governments in their future issuances.”
In collaboration with CFETS and launched in 2020, ePrime is an electronic solution for the primary bond market across the issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater issuance and subscription applications: ePrime Issuance Service and ePrime Northbound Subscription Service.
ePrime Issuance Service offers a platform for issuing, primary book building, pricing and allocation for offshore securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks and commercial banks and onboarded 44 offshore underwriters.
This bond issuance followed international market practice and received widespread attention from investors from Europe and Asia including funds, commercial banks, investment banks, securities companies, and asset management companies, etc. The orderbook reached a peak of RMB 23 billion, demonstrating confidence in the development of the marine economy and Free Trade Port in Hainan Province from international capital markets.
This marks the fourth offshore RMB bond issuance by the Hainan People’s Government in Hong Kong since 2022. The net proceeds from this issuance will be used for marine conservation, socioeconomic advancement and empowerment, as well as key scientific research and infrastructure projects in the aerospace sector. The 10-year bond issued this year represents the first aerospace-themed local government bonds issued in China.
Mr. Cai Qiang, Director of the Hainan Provincial Department of Finance, commented that issuing offshore RMB local government bonds in Hong Kong represents a significant step for the Hainan Free Trade Port in connecting with international trade standards. It is also a key channel for attracting international capital to support Hainan's key industries and an important step to promote innovation and openness in the financial sector of Hainan Free Trade Port. Looking ahead, Hainan will further integrate into global capital markets, continuing to advance both outbound engagement and inbound investment initiatives, in order to secure stronger funding support for the high-quality development of the Free Trade Port and to pioneer replicable institutional experiences for advancing high-standard opening-up of the country.
Mr. Tony Wang, General Manager of BCCL, commented, “We are delighted to support Hainan People’s Government’s offshore local government bonds issuance again. This marks another significant achievement in BCCL’s ongoing partnership with Hainan People’s Government in overseas bond issuance. BCCL is committed to improving the efficiency and convenience of the bookbuilding process for offshore bond transactions and will continue to support the Hainan People’s Government and other local governments in their future issuances.”
In collaboration with CFETS and launched in 2020, ePrime is an electronic solution for the primary bond market across the issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater issuance and subscription applications: ePrime Issuance Service and ePrime Northbound Subscription Service.
ePrime Issuance Service offers a platform for issuing, primary book building, pricing and allocation for offshore securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks and commercial banks and onboarded 44 offshore underwriters.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
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Disclaimer: The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events. **
Disclaimer: The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events. **