The container shipping giant said its entry into China’s capital market will diversify its funding sources and improve access to cost-efficient funds, amid rapid growth in the panda bond market.
Amid strong demand, the two Hong Kong-listed Chinese firms have announced zero-coupon convertible bond issues totalling around $1.3bn, as capital-intensive tech businesses seek funding while limiting immediate interest costs.
The policy package seeks to deepen Hong Kong-mainland market connectivity through Bond Connect enhancements and expanded renminbi liquidity support; HKEX seeks closer CIPS connectivity.