The policy will support multi-year prepayment transactions with mining companies worldwide, with an expected value of up to $800m. Saudi Arabia will gain access to critical metals and minerals as it diversifies away from oil.
As Hong Kong's primary debt market continues to be attractive, underwriters said the bond will provide a reliable benchmark for future HKD-denominated offerings.
The spun off company from JD.com is preparing for an initial public offering on the Hong Kong Stock Exchange on December 11. The supply chain firm's ability to manage treasury separately has seen cash increase on its balance sheet.
The US market will be key to sustain the export-driven growth story observed in Asia, according to economists, however, a Hong Kong-based CFO has concerns about issues in the private credit market.
As Australia rolls out the new reporting system for CPI, the central bank is now less likely to cut interest rates at its next meeting in December; some market commentators are now expecting rates to rise in 2026.