Author: Jiaxing Li

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…

China is expanding access to its US$8.4 trillion stock market with the introduction of 85 new exchange-traded funds (ETFs) tracking mainland equities through the cross-border trading channel for offshore funds. ETFs have gained popularity in Asia due to their transparent and diversified nature, with China seeing significant growth in this market. Annual inflows to China ETFs have multiplied in the past three years, reaching a total of 1.82 trillion yuan (US$261 billion) by the end of 2023. The Stock Connect scheme, initiated 10 years ago, has opened up China’s onshore market to global investors. The expansion of cross-border investment channels…