China is set to list sovereign green bonds in London for the first time to attract investors in Europe following US President Donald Trump's decision to pull America out of the Paris Climate Agreement.
The new legal framework which requires the public sector issuer to spell out the use of the proceeds and report on the project’s environmental impact has been hailed by the industry for setting the standards for green bond financing in Singapore and the region.
The recent focus on greenwashing has put bond issues under greater scrutiny. However, some market participants believe this risks paralysis by analysis.
Chief executive Eddie Yue highlights the urgency of providing greener banking system, and explains how Hong Kong could help Chinese green bonds issuers.
De-risking and green securitisation will help unlock much-needed institutional capital for sustainable infrastructure projects in Asia, say executives at multilateral development banks.