Hong Kong has helped fuel a surge in bond sales tied to green and sustainable projects, spending HK$210 million (US$26.9 million) to subsidise issuance costs. Market players are calling for an extension of the three-year incentive to rival those offered by Singapore.
The city has approved grants for issues including bonds and loans worth more than US$100 billion since the scheme was introduced in May 2021, according to the Financial Services and the Treasury Bureau. Sustainable bond and loan issues surged 42 per cent to US$80.5 billion in 2022, according to official data.
Those sales declined to about US$36 billion in 2023, according to a BNP Paribas estimate of mainland China offshore and Hong Kong issuances, as successive US rate hikes…
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