[Bond Investment Guide] How to Buy Bonds in Hong Kong?
Silver Bonds 2025 Guaranteed Returns 3.85cm! How do I get a maximum of 9 free orders?
Silver Bonds are retail bonds offered by the Government of Hong Kong to senior citizens aged 60 years or older. Issued for a maximum of HK$55 billion in 2025, 3-year, guaranteed rate of 3.85%, with universal attachment, low credit risk, no second-tier market trade, can be returned to cash interest and information in advance. The purchase period is from September 15 to 29, with a minimum purchase of HKD0.01 million, and the purchase of 9 items with Futu Securities is free. Adopt a circular development mechanism to benefit small number of investors, up to HK$1 million. Predictive buying feedback, due to stable returns and market characteristics, is suitable for investors looking for fixed income.
What are Silver Bonds?
Silver Bonds are retail bonds issued by the Hong Kong Government and are a return-stable investment product for senior citizens aged 60 or over. Silver Bonds yield is linked to the average annualized interest rate, and with a minimum ratio, gold will be cleared by the date of the bond. Silver Bonds 2025 will be issued on October 10 with a standard issue of up to HK$55 billion (the target issue of HK$50 billion is at least 3.85% by October 2028.
Silver Bonds 2025 Offers Up to 9 Free Spins on Purchase Promotions
Current Futu provides for the purchase of bank bonds, and provides9 FREE OFFER! INCLUDES FREE SUBSCRIPTION FEE, EARLY REDEMPTION FEE, HOSTING FEE, AND MORE
Charges | tolling | Toll party | |
Apply for purchase | Application Fee | Abandonment | Futu Securities Waiver |
Application Fee | Abandonment | Hong Kong Clearing Offices¹ | |
Regular Dividends | Interest payment processing fee | Abandonment | Futu Securities Waiver |
Compensation of Bonds | Expiry Redemption Fee | Abandonment | Futu Securities Waiver |
Early Redemption Fee | Abandonment | Futu Securities Waiver | |
Other Services | Non-Real Estate Fee | Abandonment | Futu Securities Waiver |
Hosting Fees | Abandonment | Futu Securities Waiver | |
Transfer Fee | Abandonment | Futu Securities Waiver | |
Transfer Fee | Abandonment | Futu Securities Waiver |
1 This fee charged to clients of Futu Securities Dealership from Hong Kong accounts
Note: Charges may be subject to actual changes depending on HKEx or the relevant Regulatory Institutions, subject to final disclosure.
What are the application qualifications for Silver Bonds 2025?
1. Age Requirements: Applicants must be 60 years of age or older (Calculate the closing date of application for Bonds).
2. Hong Kong Resident: Applicants must hold a valid Hong Kong Permanent Resident or Hong Kong Identity Card.
Silver Bonds 2025 Purchase Details
Subscription Period: September 15, 2025 10:00-September 29 10:30
Minimum amount: HK$0.01 million per hand
Term of bonds: 3 years, once every 6 months
Guaranteed annual interest rate: 3.85 years
Each person can only apply once, and there is no need to apply for a duplicate application. Investors can only apply for Bonds through one of the Selling Institutions.
Purchase Strategy for Silver Bonds 2025
What are the characteristics of silver bonds?
1. Underlying mechanism, not subject to interest rate fluctuations
Bank bond ratios and spreads are linked, and the choice of information and information on the higher side actually works for the international interest. At 3.85%, the float is calculated on the basis of the Comprehensive Commodity Price Index for the last 6 months, based on the Government Statistics, the mathematical average of the year-on-year fluctuations to reduce the uncertainty and controversy that comes with floating.
According to the government's balance sheet, the guarantee period is 3.85 cm, and the failure to extract silver bonds of just 0.01 million USD in one hand will generate a yield of 3.85% per year, and a higher yield of 3.85 cm, and more profit can be obtained.
Bank Bonds are issued by the Hong Kong Government. Bonds are highly creditworthy and credit risk is minimal. Silver Bonds are not subject to Tier II Market Trade, as bonds are settled ahead of schedule, the Government will return the bonds at the previous price and the corresponding interest. If necessary, bondholders can resell the bonds to the government for the return of funds and interest, so investors do not use the time frame to reduce the weekly interest rate.
In addition, the bond product is also equipped with inflation-resistant properties, and investors will receive higher interest rates if inflation-linked floating rates rise in the future. HKD interest rates are likely to fall in the coming years as market expectations for the US to initiate rate cuts in September will intensify. In this macro environment, investors are able to secure a stable 3.85% fixed return for the next 3 years, which is especially difficult during the interest rate downcycle.
2. “Circular Distribution”, Beneficial and Small Investors
The issuance mechanism is very similar to that of Green Bonds/iBonds and aims to cater to small investors with a maximum allocation of HK$1 million per person. If the total subscription does not exceed HK$50 billion, then more than HK$500 less than HK$55 billion will be added at discretion to satisfy all applications. If the total subscription exceeds HK$55 billion, it will be distributed in a circular manner.
In a circular motion, it is simple to understand that the Prime Minister will assign bonds to each applicant, and the number of applicants with more than 5 million additional bonds can be allocated (with a target issue price of HK$50 billion).
If there are silver bonds, the government will distribute several bonds for each person to buy second-hand or more bonds. If the bonds are not available to each person with a second hand, they will usually decide to bargain. Then, the government will use this mechanism again to continue issuing third, fourth or more silver bonds to investors, directly to the full distribution of silver bonds.
Silver Bonds News
Year of issue | Fixed rate | Most Acquired | Total dividends per hand* | Maximum Average Label Dividence* |
2024 | 4.00% | 24 | At least 1200* | At least 28800* |
2023 | 5.00% | 23 | At least 1500* | At least 34500* |
2022 | 4.00% | 21 | 1200 | 25200 |
2021 | 3.50% | 14 | 1052 | 14740 |
2020 | 3.50% | 14 | 1052 | 14740 |
2019 | 3.00% | 6 | 912 | 5472 |
2018 | 3.00% | 8 | 910 | 7280 |
2017 | 2.00% | 10 | 722 | 7220 |
2016 | 2.00% | 5 | 679 | 3395 |
Unit: HKD
* Debt 2023/2024 has not yet matured and the dividend period is calculated at a fixed rate
The above News is for reference only, does not constitute any investment advice, does not constitute any prediction or guarantee of gains on Silver Bonds
Silver Bonds 2025 Preliminary Purchase Appearance
According to data from the past year, Hong Kong's bond development model and purchasing intentions will continue to grow, Futu Securities strategist Li said. Based on market assessments, the expected buyback will increase over the year.
In addition to the incentive of the foregoing product nature, Hong Kong will issue only one bank bond under the Retail Bond Scheme this financial year (25/26) and no other retail bond products will be released, further enhancing the uniqueness of this issue. At the same time, after a recent upswing in the Hong Kong stock market, some investors may be inclined to allocate their profit funds to fixed income markets in order to achieve a balance of asset mix diversification and risk.
Purchase method of Silver Bonds 2025

After the purchase is started, you can find the bank bonds and proceed with the purchase by going to the Futubull APP - Market & New Share Center. Note: Applicants who purchase bank debt through Futu must hold a Futui securities account.
Bank bonds are expected to announce the issue, purchase and distribution results by 9 October at the latest. You can check the results of the purchase by going to the Futubull APP - Market Research - New Share Centre - Acquisition Record.
Futu Securities Bank Bonds Support General Purchases, which can be used to purchase bank debt using the Futu Financial Amount, including the Untransferred Amount, the Hold Positions, and the Combined Obligation Rate, and the Purchasing Power of Asset Assets under the Combined Account Account.
Please note that Italian finance can be used for Futu Finance participation and purchase, and Bank financing cannot be used. When using Futu Finance to participate and purchase, the system freezes your purchase funds and does not generate financial assets. The discount can be credited to the current account after the purchase has expired and will be used for Futu Finance regardless of the amount required for the purchase. THESE DIVIDENDS ARE BASED ON THE MONTH OF THE FINANCIAL ACCOUNT, THE INTEREST RATE ON THE HONG KONG EQUITY FUND ACCOUNT (GENERALLY 6.8% PER ANNUM INTEREST RATE). THE REPAYMENT OF THE LOAN AT ANY TIME OF THE LOAN IS SUPPLEMENTED BY THE REQUIRED AMOUNT OF MONEY, AND AS A RULE, IT DOES NOT GENERATE INTEREST.
Users with money market funds can purchase bank bonds immediately after selecting the “Return” button on the Funds page. If you have turned on the automatic withdrawal function of money market funds, you do not need to select the return button to order it immediately, and the system will help you to make an automatic return.
Provided by FutuFree Offer on 9 Items, are discounted directly when customers subscribe. The deductible fees include application renewal fee, application renewal fee, custody fee, real estate fee, transfer fee, transfer fee, replacement interest renewal fee, early redemption fee and maturity redemption fee. Successfully open an account now and enjoy up to$1,600 Welcome Bonus!
