Hong Kong will raise its Silver Bond ceiling again for the next tranche, likely above HK$60 billion in 2027.

Demand has grown for three straight years, hitting a record 476,703 applications worth HK$119.3 billion against this year's HK$55 billion cap, roughly 28% more bidders than the prior batch. Banks still undercutting the bond's 4.25% guaranteed coupon will keep pulling ageing savers' deposits away from commercial lenders.