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Green bonds

Green bonds
Latest news, analysis and commentary about the sale of fixed-income financial products to finance environmentally sustainable infrastructure projects and business activities.
last updated:
9 September, 2024
Xavier Musca, CEO of Credit Agricole CIB, said the bank will not scale down its activities in China or in Asia because of the threat of a trade war. Photo: Sun Yeung
Banking & finance

Exclusive | French bank Credit Agricole CIB backs Hong Kong as Asian hub amid trade war

Bank has strong capability in yuan trading, green finance and infrastructure development, CEO Xavier Musca says.

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Bonds

Hong Kong’s infrastructure bond offering excites retail investors

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Climate change

Opinion | Asia is emerging as an unlikely champion in race to net zero

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Banking & finance

HKMA wants to continue developing Greater Bay Area, expand connect schemes

The de facto central bank will work with mainland authorities to develop the Greater Bay Area and expand cross-border trading, CEO Eddie Yue says.

HKMA CEO Eddie Yue starts his second five-year term on Tuesday. Photo: Jonathan Wong
Hong Kong economy

Hong Kong HK$50 billion Silver Bonds issue a ‘win-win investment’: Paul Chan

Financial Secretary Paul Chan says bonds will offer elderly residents a safe and reliable place to park their money.

Bonds

Investors eat up dim sum bonds from Guangdong province, Hong Kong’s MTR

Issuance of offshore yuan-denominated bonds has jumped 28 per cent this year, according to the Hong Kong Monetary Authority.

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ESG investing

Hong Kong has strengths to aid sustainability goals in mainland China: survey

Hong Kong can provide intellectual support in terms of talent and guidance on capital flows, according to a research report on sustainability trends.

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Cost pressures and talent deficit are among the biggest concerns highlighted by mainland Chinese companies in their sustainability drive.Photo: Shutterstock
Banking & finance

China pledges support for green finance in dense, sprawling economic zone

Guidelines have been issued for green finance in China’s economic nerve centre as the country continues its journey to decarbonisation.

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Climate change

Opinion | How Hong Kong can be a climate change superconnector

The city can take a two-pronged approach, accelerating local decarbonisation while helping finance the climate transition across Asia.

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Hong Kong Monetary Authority (HKMA)

A steady hand in rough Hong Kong monetary waters

Eddie Yue Wai-man’s reappointment for a second five-year term as head of the Hong Kong Monetary Authority is good news. Yue has amply proved himself over the past five difficult years. The next five years will be just as challenging, if not more so.

Eddie Yue Wai-man, reappointed for a second term as chief executive of the Hong Kong Monetary Authority, must demonstrate the city’s continuing vitality as a world-class financial hub while maintaining confidence in the viability of the US-HK dollar peg. Photo: Dickson Lee
Bonds

Guangdong joins ‘dim sum’ bond feast with US$1 billion sale in Hong Kong, Macau

Province’s move follows Shenzhen’s announcement of a US$964.4 million sale of offshore yuan-denominated bonds as China pushes to internationalise its currency and boost Hong Kong’s hub role.

Last year, ‘dim sum’ bonds issued in Hong Kong increased by 65 per cent to 550 billion yuan, according to the monetary authority. Photo: Bloomberg
Banking & finance

Shenzhen authority sells 7 billion yuan of ‘dim sum’ bonds in Hong Kong

The fourth offering in the last four years, which will fund an array of infrastructure projects, brings total funds raised to US$3 billion.

Bonds

Hong Kong raises US$3.2 billion via multicurrency green bond

Hong Kong’s government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city’s latest push to establish itself as a sustainable finance hub.

Banking & finance

Hong Kong hires banks for sale of green bonds to raise dollar, euro, offshore yuan funds

Hong Kong unveiled plans for a multi-tranche sale of green bonds in dollar, euro and offshore yuan currencies to raise funds for financing projects under the government’s green bond framework.

A man takes pictures at Sun Yat Sen Memorial Park, Sai Ying Pun. Hong Kong unveiled plans for a multi-tranche sale of green bonds in dollar, euro and offshore yuan currencies to raise funds for financing projects under the government’s green bond framework. Photo: Sam Tsang
Hong Kong environmental issues

The View | Financiers can be Hong Kong’s superpower in biodiversity ambitions

New-found interest of financial professionals and corporate leaders in conservation is welcome surprise as city updates biodiversity strategy.

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A tortoise made from used plastic bottles is displayed at the Ocean Park Conservation Foundation’s “Discovering the Hidden Treasure of Carapace Wonders” Freshwater Turtle & Horseshoe Crab Conservation Exhibition at Cityplaza, Taikoo, on March 28. Photo: Yik Yeung-man
Banking & finance

Hong Kong government leads Asia in green-bond issuance, fifth largest globally

City’s sustainable debt market issuance grew 236 per cent year on year in 2023 to US$18.2 billion, according to Climate Bonds Initiative.

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Business of climate change

Hong Kong to host city’s largest Asia-focused green finance training event

Empowering Sustainability Prosperity in Asia will focus on fostering the low-carbon transition in southeast, central, and east Asia.

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Business of climate change

China climate-focused funds saw higher inflows, but fewer launches last year

Climate-focused funds in China saw a decline in assets and product launches last year despite an uptick in inflows, with the funds prone to huge volatility because of speculative trading, according to Morningstar.

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Globally, assets in climate funds rose by 16 per cent in 2023 to US$540 billion. Photo: Shutterstock
Business of climate change

JPMorgan pushes framework for capital seekers to make sustainability commitments

A draft disclosure framework aims to help capital seekers attract money to plug a severe funding gap for the UN’s 2030 development goals, especially in emerging markets.

China economy

Letters | China’s local governments missing out on benefits of green bonds

Readers discuss a little-tapped funding source for China’s indebted local governments, why the waste charging plan failed, and the continuing need for English language training.

Banking & finance

HSBC veteran banker urges Hong Kong’s youth to be wary of generative AI

Generative AI is adding uncertainty to an already uncertain world, but Hong Kong can cope with the challenges by leveraging its hub status and acting as a gateway to China, according to HSBC’s Peter Wong.

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Peter Wong is non-executive Asia-Pacific chairman of HSBC and chairman of City University’s international advisory board. Photo: Handout
Banking & finance

Hong Kong introduces green finance taxonomy to boost fundraising credentials

The HKMA has issued a ‘green taxonomy’ framework to help banks and investors determine the sustainability of economic activities, the latest effort to boost the city’s standing as a green finance centre.

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The Hong Kong government has extended the US$100 billion Green and Sustainable Finance Grant Scheme, which will cover transition bonds and loans for companies to upgrade their equipment to save energy and cut down on pollution. Photo: Eugene Lee
Business of climate change

‘Loopholes’ endanger Hong Kong’s status as green finance hub: Greenpeace

The city needs to set financing volume targets, restrict fossil fuel financing and enact a specialised anti-greenwashing law, environmental group says.

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Environment

Opinion | Hong Kong’s One Earth Summit should be more than superficial talk on green deals

To shake up how finance is leveraged and directed to tackle priority issues, governments need to take the lead and set new sustainability standards and policy parameters – not leave it to the whims of financiers.

Business of climate change

Transition finance seen as a crucial tool in the fight against climate change

With the world facing a US$4 trillion green investment gap a year, transition finance will grow in importance because of regulatory support in Asia, experts say.

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The global sustainable finance market has grown at least tenfold in the past decade. Photo: Shutterstock
Business of climate change

How Hong Kong start-ups are adding gloss to city’s greentech hub ambitions

More than 200 greentech companies currently operate in the city, of which some are equipped with ‘globally competitive’ technologies and are making inroads into the mainland Chinese and overseas markets.

If you have a good idea, don’t hesitate, says GRST co-founder and CEO Justin Hung Yuen. Photo: Xiaomei Chen
Asean

Opinion | Australia summit shows Asean wants climate partners. Hong Kong, step up

Melbourne meeting reaffirmed Asean’s carbon neutrality strategy and unveiled partnerships with Australia. Asean’s climate investment gap is a chance for Hong Kong and the Greater Bay Area.

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Hong Kong budget 2024-25

Hong Kong’s Paul Chan dismisses fears bond issuance plan may hurt credit ratings

Finance chief also issues rejoinder after predecessor slams bond issuance proposal in new budget, says past administration failed to boost land supply at the time.

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