Hong Kong urged to match Singapore in green and sustainable financing subsidies to help revive debt offerings

Hong Kong has boosted green bond sales by subsidizing issuance costs, spending HK$210 million. The city has approved grants for over $100 billion in bonds and loans since May 2021. Sustainable bond and loan issues surged 42% in 2022, reaching $80.5 billion. The subsidy plan is expected to support a rebound in green bond offerings in 2024 and beyond.

Resource:

https://www.scmp.com/business/banking-finance/article/3249110/hong-kong-urged-match-singapore-green-and-sustainable-financing-subsidies-help-revive-debt-offerings

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