# Offshore yuan and Hong Kong dollar bond market growth > Live situation record from CLSTR: https://clstr.news/situations/offshore-yuan-and-hong-kong-dollar-bond-market-growth > Updated: 2026-09-10T15:56:22.000Z. Sources: 5. Developments: 2. The issuance of offshore yuan and Hong Kong dollar bonds has experienced significant growth. In the first half of the year, Hong Kong dollar bond issuance rose 84.4% year-on-year, while ‘dim sum bonds’ increased by 69.1% to reach a semi-annual high. This trend is attributed to high US interest rates and increased participation from mainland Chinese non-bank financial institutions following the expansion of the Bond Connect program. Building on this regional momentum, the Shenzhen Municipal People's Government issued 1 billion yuan in offshore RMB local government bonds in Macao. These three-year bonds, issued at an interest rate of 1.41%, represent Shenzhen’s first issuance of Greater Bay Area-themed sustainable development bonds in the region. The proceeds are designated for medical health and water governance projects, further integrating financial cooperation within the Guangdong-Hong Kong-Macao Greater Bay Area. ## Timeline ### 2026-09-10: Shenzhen issues 1 billion yuan in offshore RMB bonds in Macao Shenzhen successfully issued 1 billion yuan in offshore RMB local government bonds in Macao, marking its first Greater Bay Area-themed sustainable development bond issuance. 2 sources. https://clstr.news/cluster/shenzhen-issues-1-billion-yuan-in-offshore-rmb-bonds-in-macao ### 2026-08-24: Dim sum and Hong Kong dollar bond issuances surge Hong Kong dollar and dim sum bond issuances have surged as companies seek cheaper funding alternatives to high-cost US dollar debt, supported by increased mainland Chinese institutional investment. 3 sources. https://clstr.news/cluster/dim-sum-and-hong-kong-dollar-bond-issuances-surge --- Cite as: Offshore yuan and Hong Kong dollar bond market growth. CLSTR, https://clstr.news/situations/offshore-yuan-and-hong-kong-dollar-bond-market-growth