City’s role as a bridge connecting mainland projects with the world ‘not easily found in other markets’, financial-services secretary says
Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister.
Green bond issuance in Hong Kong last year reached US$43 billion, representing 45 per cent of the region’s total and keeping the city atop the league table in Asia for the seventh consecutive year, said Christopher Hui Ching-yu, secretary for financial services and the treasury, in a meeting with lawmakers on Monday.
The total of green bonds plus green loans issued in Hong Kong reached US$84 billion last year, a 50 per cent increase from 2021, he added.
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