Hong Kong Government Raises US$3.2 Billion in Green Bonds
Hong Kong’s government recently issued green bonds worth US$3.2 billion in multiple currencies, including US dollars, euros, and offshore yuan. This move is part of the city’s commitment towards sustainable finance and promoting the internationalization of the Chinese currency.
The issuance included a three-year US dollar bond, a seven-year euro bond, and a 10 billion yuan bond with various maturities. It attracted a broad range of global investors, confirming Hong Kong’s efforts in sustainable finance.
The proceeds from the bonds will go towards financing projects that support environmental benefits and sustainable development. This issuance also marks a significant milestone in Hong Kong’s sustainable bond program, establishing it as a hub for green and sustainable finance in the region.
The government’s climate goal is to halve carbon emissions by 2035 and achieve net-zero emissions by 2050, making these green bonds a crucial step towards a greener future for Hong Kong.
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