The Pilot Bond Grant Scheme (PBGS) is a three-year pilot programme announced in the 2018-19 Budget, aiming to attract enterprises around the world to issue bonds in Hong Kong. The Scheme offers grants to eligible bond issuers to cover part of the issuance expenses during their bond issuance process, thereby reducing their costs of conducting issuance. As the administrator of the Scheme, the HKMA promulgated the details on 10 May 2018 and the PBGS came into operation on the same date.
For further details, please refer to the circular issued by the HKMA.
Hong Kong’s Qualifying Debt Instrument (QDI) scheme was introduced in 1996 with the objectives of attracting overseas issuers to Hong Kong, enlarging the local debt market, and enhancing the competitiveness of Hong Kong. The scheme provides concessionary tax treatment on interest income and trading profits derived from QDIs.
For more information, please visit the website of the Inland Revenue Department.
The Government launched the Green Bond Grant Scheme on 15 June 2018, as promulgated in the 2018-19 Budget, to subsidise eligible green bond issuers in obtaining certification under the Green Finance Certification Scheme established by the Hong Kong Quality Assurance Agency. The Scheme is administered by the Financial Services and the Treasury Bureau.
For details, please refer to the press release issued by the Government.