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MARKETS & REGULATION

a vibrant and diverse sustainable finance market

Green and sustainable debt market

Hong Kong's green and sustainable debt market has been expanding rapidly over the past few years. Green and sustainable bonds and loans issued in Hong Kong reached US$ 80.5 billion in 2022, which increased by over 40% from 2021. The Government has been leading by example with around US$ 25 billion worth of institutional and retail green bonds issued under the Government Green Bond Programme as of February 2024 to support government green projects. The Government also successfully issued two batches of digital green bonds, including the world’s first tokenised government green bond in February 2023 and the world’s first multi-currency digital bond in February 2024, marking an important milestone for Hong Kong in combining green finance and fintech.

Retail Green Bond 2023
SFC-authorised ESG funds

There were 219 SFC-authorised ESG funds with total AUM of USD169.6 billion as of 31 December 2023. Some of their key investment themes include sustainable energy and climate change.

Mr Sfc Funds
HKEX’s STAGE and Core Climate

HKEX’s STAGE provides information, access and transparency on a wide range of sustainable, green and social investment products. HKEX also launched Core Climate, Hong Kong’s international carbon marketplace, which enables participants to source, hold, trade, settle and retire voluntary carbon credits.

Group 01

Taxonomy

Hong Kong is developing a local green classification framework, which aims to provide a reference tool to identify and classify green economic activities.

World-class regulation

Hong Kong has been at the forefront of implementing world-class regulation in sustainable finance.

 

Our regulatory initiatives below are crucial in strengthening climate-related financial risk management and promoting the flow of ESG information.

Last update : 20 February 2024
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