Reported about 1 month ago
Hong Kong has emerged as a leading player in the green bond market, raising approximately $3.9 billion this year to finance infrastructure projects like stadiums and hospitals. The city plans to offer a total of HK$120 billion in green bonds for the fiscal year ending March 2025, with nearly two-thirds of the proceeds earmarked for construction. This initiative aligns with the government's goal to reduce electricity consumption in commercial buildings by 30%-40% by 2050, as it seeks to position itself as a global hub for sustainable finance.
Source: YAHOO