Following three consecutive offshore RMB local government bond issuances in the Hong Kong Special Administrative Region between 2022 to 2024, the Hainan Provincial Government will return to the market this year for a fourth offering, with its first aerospace-themed bonds.

According to a September 1 announcement by the Provincial Finance Bureau, Hainan plans to issue up to 5 billion yuan of offshore local government bonds on the Hong Kong Stock Exchange in September, with maturities of 3, 5, and 10 years, providing international investors with more options for CNY-denominated asset allocation.

This issuance comprises three tranches: 3-year sustainable development bonds, 5-year blue bonds, and a 10-year aerospace-themed bond. Proceeds will primarily support marine conservation, social welfare, and key scientific research and infrastructure projects in the aerospace sector.