With projects such as the Zero-carbon Building in Kowloon Bay (main picture), Hong Kong is rapidly taking a more sustainable route – and Mainland China provides much of the hardware for the renewable energy revolution. It is no surprise, then, that green finance is also growing at a rapid pace, with the China Green Bond Market Report 2021 noting that the mainland economy had the second-largest green bond market behind the United States, growing to US$68.2 billion last year, up 186% from 2020. And in Hong Kong – according to the July 2022 Climate Bond Initiative Hong Kong Green and Sustainable Debt Market Briefings 2021, launched in partnership with HSBC – GSS+ (green, social, sustainability, transition bonds, and sustainability-linked debt instruments) debt originating from Hong Kong quadrupled last year to reach US$57 billion.

https://hkmb.hktdc.com/en/ibKtxTHm/sustainability/Finance-rides-the-green-wave

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