Bonds

The Government of the Hong Kong Special Administrative Region of the People's Republic of China Silver Bond Series Retail Bonds due 2028 is opened for subscription from 9:00 a.m. on Monday, 15 September 2025 to 2:00 p.m. on Monday, 29 September 2025. Eligible investors may visit our branches or call our Application Hotline at 2287 6988 for application. Application Form Retail Bond Issuance Programme

Silver Bond is not equivalent to time deposit and it involves investment risks. Your investment risks in Silver Bond are including but not limited to interest rate risk, index risk, liquidity risk, credit risk, intermediary risk, infrastructure investment risk and etc. For details, please view both issue circular and programme circular, including “Key Risks of Investment In Retail Bonds” and “Important Investment Considerations”. Before subscription please make sure you have read through the issue circular, programme circular and the application form, and accepted the Terms and Conditions from the issue circular, programme circular and application form including the Personal Information Collection Statement.

Important Note:

Bond is an investment product. The investment decision is yours, but you should not invest this product unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Investment involves risks. You should not invest in this product based on this webpage alone. Before making any investment decision, you should read and understand the relevant offering documents for further details and the risks involved and carefully consider your financial situation and investment experience and objective. You should seek independent professional advice if needed.

If you're looking for investments that can provide you with a stable interest income, you may want to consider bonds.

What is a Bond?

A bond is a debt instrument which is normally issued by governments, corporations or other entities for raising funds. When you purchase a bond, you become a creditor, and the issuer agrees to pay you its face value, plus interest, at regular intervals until the bond matures at a later date. Bond trading is conducted through Initial Public Offers (IPO) or the secondary market.

Features

• Flexibility - Available in different denomination currencies
• Allows you to enjoy a regular or fixed return
• Longer term investment with different maturity to suit your needs
• Extensive choices of global government and corporate bonds

Risk Disclosure Statements

• Investment involves risk. The prices of bonds can fluctuate, sometimes dramatically. The price of bonds may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling bonds.
• Investing in this product is not equivalent to time deposit. This product is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.
• Default/ Credit risk - There is a risk that the issuer may fail to pay you the interest or principal as scheduled. In the worst case scenario, you may not be able to receive back the interest and principal if the issuer defaults on the bond.
• Interest rate risk - When the interest rate rises, the price of a fixed rate bond will normally drop.
• Exchange rate risk - If your bond is denominated in a foreign currency, you may face an exchange rate risk if you choose to convert payments made on bond to your home currency.
• Liquidity risk - If you need to sell the bonds before maturity for an urgent cash-flow need or use the capital for other investments, you may not be able to do this since the liquidity of the secondary bond market could be low. If you choose to sell your bond before it matures, you may lose part or all of your investment.
• Reinvestment risk - If you hold a callable bond, when the interest rate goes down, the issuer may redeem the bond before maturity. If this happens and you have to re-invest the proceeds, you may not be able to enjoy the same rates of return.
• Equity risk - If your bond is "convertible" or "exchangeable", you also face equity risk associated with the stock. A fall in the stock price will usually follow by a fall in the bond price.

This webpage does not itself constitute any offer of, or invitation by or on behalf of China CITIC Bank International Limited (the "Bank") to any person to purchase or sell or acquire or invest in any investment products.

The Bank is an authorized institution under the Banking Ordinance and is regulated by the Hong Kong Monetary Authority.

This webpage is issued by the Bank. Its contents have not been reviewed by the Securities and Futures Commission of Hong Kong.

Trade with us

• Visit us at a Branch to open investment account and trade