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

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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.

Visitors pose for photos inside the “Lost in the Woods” bamboo-themed maze, during an event at Wan Chai Harbourfront Event Space in Hong Kong on March 20, 2024.

Government-issued green bonds accounted for 92 per cent or US$14.4 billion of the green bond volume, with the remainder coming from financial companies.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongGermanyItalyUnited Kingdom

Topics: Transition Issuance Government Billion Year Green Hong Kong Bonds Finance Sustainable

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 15:01:37 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 608 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21362482

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