Hong Kong Business News

The Government today released its Green Bond Report 2023, which sets out how the proceeds raised from the issuance of green bonds, including the inaugural tokenised green bond issued this year, are being allocated, as well as the expected environmental benefits of the projects financed.

The Government has so far issued green bonds totalling close to US$22 billion in value to fund various green projects in Hong Kong.

Secretary for Financial Services & the Treasury Christopher Hui said the report provides comprehensive and detailed information on the green bonds issued, helping investors and the public to understand the positive environmental impacts of projects that are funded, and encouraging them to participate in investing in a greener Hong Kong.

He added: “This also fully demonstrates our commitment to consolidating Hong Kong’s position as a regional and international green and sustainable finance hub.”

The proceeds raised through issuances of green bonds have been fully allocated to or earmarked for green projects. These include a district cooling system for Tung Chung New Town Extension (East), a three-dimensional air pollution monitoring network, the Kai Tak Sports Park, and the replacement of the storm-detecting weather radar at Tai Mo Shan.

Click here for the report.