HKEX announces that a Shanghai Electric subsidiary is set to list a 1.5 billion yuan green bond later this month
2-MIN READ2-MINDaisy WuPublished: 12:52pm, 14 Aug 2026Hong Kong is set to welcome its first Shanghai free-trade zone offshore bond, using the landmark listing to defend its status as the world’s pre-eminent offshore yuan hub, amid mounting competition from its mainland rival.
Hong Kong Exchanges and Clearing announced on Thursday that Shanghai Electric Global Capital – a financing arm of power and industrial equipment manufacturer Shanghai Electric – would list a 1.5 billion yuan (US$222.4 million) green free-trade zone bond on August 20.
The three-year note, which carries a 1.8 per cent coupon, is set to be the first time a non-financial corporate free-trade zone offshore bond has been brought to market.
Bank of China served as both global coordinator and lead manager, leveraging its Hong Kong and Shanghai units to arrange the cross-border issuance.
