In a world where climate action is more urgent than ever, Hong Kong is stepping into the spotlight as a crucial player in Asia's quest for sustainability. Recent insights reveal an exciting rebound in sustainable financing, indicating an increasing thirst among investors for green opportunities.

During a dynamic media briefing, the ambitious goals and promising developments in Hong Kong's green finance sector were unveiled by Invest Hong Kong (InvestHK) and the Hong Kong Green Finance Association (HKGFA). This comes just ahead of the much-anticipated Hong Kong Green Week.

A Resilient Future Despite Challenges

HKGFA Chairman Ma Jun highlighted the ongoing struggles posed by geopolitical uncertainties—particularly in light of the U.S. exiting the Paris Agreement. While global sustainability initiatives faced a slowdown, he believes Asia, especially through its financial engines, has immense potential to lead the climate charge. With China's rapid advancements in the green economy and evolving finance guidelines, predictions are optimistic.

Skyrocketing Growth in Green Bonds!

The narrative in Hong Kong is one of resilience. Despite a challenging start to the year, executive vice-president Huang Chaoni reported an astonishing nearly 80% surge in green and sustainable bond issuance compared to last year. Investors and issuers are increasingly favoring the SAR's local currency, buoyed by its stable market and competitive lending rates.

"Bonds following Environmental, Social, and Governance (ESG) criteria are rapidly gaining visibility in our market, attracting a wave of international entities focusing on sustainability," Huang remarked.

Mark Your Calendars for Hong Kong Green Week!

Kicking off from September 8 to 12, this year's Hong Kong Green Week promises to be a game-changer. The event features the HKGFA's annual forum, spotlighting the city's formidable strides in sustainability policies, regulatory frameworks, and international collaboration.

InvestHK is gearing up to partner with HKGFA to elevate green and sustainable finance, stirring a robust ecosystem aimed at achieving ambitious sustainability targets.

As global attention pivots towards climate solutions, Hong Kong is ready to establish itself as the launch pad for revolutionary green investments during this pivotal week, according to King Leung Hong-king of InvestHK.