The Government today released the Green Bond Report 2022, which sets out the allocation of the proceeds raised from green bond issuances, including that of the inaugural retail green bond issued this year, and the expected environmental benefits of the projects financed.

Financial Secretary Paul Chan noted that green bonds are an important tool to facilitate capital flows towards green projects.

“So far, we have successfully issued government green bonds totalling close to US$10 billion equivalent, funding various green projects in Hong Kong and providing important benchmarks for potential issuers.

“To enhance transparency, we have also been publishing Green Bond Reports annually to provide comprehensive information to investors on the allocation of proceeds and the positive environmental impact of their investment.”

Mr Chan added that the Government will continue to promote market development through various measures so as to consolidate the city's position as a regional and international green and sustainable finance hub.

Secretary for Financial Services & the Treasury Christopher Hui said the Green Bond Report 2022 is rich in content, noting that it helps the public understand the development of green and sustainable finance in Hong Kong, and encourages them to participate in building a green future for Hong Kong together.

The proceeds raised by the Government through issuances of green bonds have been fully allocated or earmarked to green projects, including GREEN@WAN CHAI, the Fire Services Department Pak Shing Kok Married Quarters, the Water Intelligent Network implementation and the district cooling system at the Kwu Tung North New Development Area.

Click here for the report.