Hong Kong Green Bond Market Briefing 2018

Download Release: 
PDF icon media_release_climate_bonds_hong_kong_gb_market_briefing_en_250219.pdf

 

香港綠色債券市場 2018 

 Hong Kong Green Bond Market Briefing 2018

 

Climate Bonds Initiative publishes first Briefing Paper on Hong Kong Green Bond Market, in partnership with HSBC and supported by the Hong Kong Monetary Authority

 

Hong Kong green bond issuance reached USD2.3bn in 2018, 4.6x of 2017 volume

                                                                                                                                               

London/Hong Kong: 25 February 2019: 16:00 GMT+8: Climate Bonds Initiative launches today the Hong Kong Green Bond Market Briefing 2018, which provides an overview of the booming market bolstered by policy support and incentives and growing momentum from the private sector. 

 

In partnership with HSBC, and supported by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Green Finance Association, Climate Bonds Initiative's first Hong Kong Briefing Paper examines a range of green bond deals from domestic issuers. It also analyses emerging market dynamics from a broader perspective including green bond deals arranged in Hong Kong, reflecting its increasing regional role as a centre for green bond issuance.

 

2018 highlights:

 

  • Green bonds from Hong Kong issuers in 2018 totalled USD2.3bn from 9 issuers, 4.6x of 2017 volumes
  • Green loans became a strong feature in 2018, making up 22% of the total annual issuance
  • Cumulative issuance has reached USD4.9bn overall
  • MTR is the largest single cumulative issuer
  • Low-carbon buildings dominated use of proceeds at 37% of cumulative green issuance
  • Green bonds arranged and issued in HK as a financial centre comprised  USD11bn in 2018* (*According to HKMA methodology)

 

Drivers for scaling up the Hong Kong green bond market

The progress of Hong Kong green bond market in 2018 set the stage for accelerated green finance. The briefing identifies the following major drivers for strengthening Hong Kong’s position as an Asian green finance hub through:

 

  • Labelling the unlabelled in bond issuance
  • Facilitating international capital flows into mainland Chinese green bonds
  • Greening of Bond Connect
  • Demonstration issuance via  sovereign green bonds

  

Sean Kidney, CEO of Climate Bonds Initiative:

“Hong Kong saw positive signs in green finance development in 2018, with the government and private sector looking to channel capital to assets or projects that produce positive climate impacts.”

“The HKD100bn sovereign green bond programme announced by the Hong Kong government, one of the world’s largest by far, is expected to propel the market further with its phased implementation. Besides, enhancing visibility of green debts, steering investment towards green projects and a green bond segment on the Hong Kong Stock Exchange are also crucial to the next stage of market growth. In combination, all these steps will help propel Hong Kong towards its ambition to become Asia’s major hub of green finance.”

 

Vincent Lee, Executive Director (External) of The Hong Kong Monetary Authority:

“We are delighted to see CBI launching a market briefing report on Hong Kong.  It is a recognition of Hong Kong’s emergence as one of the world’s leading green finance markets.  The report shows that the Hong Kong market has been growing from strength to strength and is attracting companies from round the region to raise green financing.”

“Hong Kong is also the designated green finance hub for the Greater Bay Area. We see strong potential in the Hong Kong market, and will continue to work with the Government and the industry to make Hong Kong a better place for green finance businesses.”

 

Helen Wong, Chief Executive, Greater China, HSBC:

“China is emerging as a global leader in the transition to a lower carbon economy, supporting new sustainable technologies and accelerating the development of its green finance market. As the world’s second biggest issuer of green bonds by issuance amount, China is making a positive contribution to the evolution of sustainable finance internationally."

“Sustainable financing in China will benefit from the continued liberalisation of its capital markets and its strategy to develop the Guangdong-Hong Kong-Macao Greater Bay Area. Chinese bonds’ inclusion in major global indices should attract more foreign investors to domestic green bonds, while the Government’s Outline Development Plan makes clear its ambition to support the development of Hong Kong as a global green finance centre in the Greater Bay Area.”

 

Download the Report here.

<Ends>

 

Climate Bonds Contacts:

 

Andrew Whiley
Head of Communications & Media

 (London)
+44 (0)7506 270 943
andrew.whiley@climatebonds.net

 

Ivy Lau 
General Manager China Office

(Hong Kong)
+852 6431 1275
ivy.lau@climatebonds.net

 

 

Notes for Journalists

 

About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy.  It undertakes advocacy and outreach to inform and stimulate green bond markets, provides policy models and government advice, international development programs, market data and analysis and administers the Standards & Certification Scheme. For more information, please visit www.climatebonds.net.

 

<Ends>

 

新聞稿

 

香港綠色債券市場 2018

氣候債券倡議組織與滙豐合作 並得到香港金融管理局的支持

發表首份香港綠色債券市場簡報

2018年香港綠色債券發行量達到23億美元，是2017年的4.6倍

 

倫敦/香港：2月25日: 16:00 GMT+8:  氣候債券倡議組織（Climate Bonds Initiative）今天發布了2018年香港綠色債券市場簡報，其中概述了在政策支持和激勵措施，以及私營部門參與所帶動下市場迅速發展的情況。

 

氣候債券倡議組織發表的首份香港綠色債券市場簡報，是與滙豐合作，並得到香港金融管理局（金管局）和香港綠色金融協會的支持。該簡報總結了香港發行人於2018年的綠色債券發行情況，它還從更廣泛的角度分析香港整體綠色債券市場動態，包括在香港安排的綠色債券交易，以反映香港作為亞洲區綠色債券發行中心的作用日益增強。

 

2018年市場摘要：

  • 2018年來自9家香港發行人的綠色債券達到23億美元，相當於2017年的4.6倍
  • 綠色貸款在2018年受到市場注目，佔全年香港綠色債券規模的22%
  • 香港發行人綠色債券累計發行總額達到49億美元
  • 港鐵是最大的單一發行人
  • 低碳建築是綠色債券募集資金最大的投放領域，佔累計發行量的37%
  • 2018年在香港安排和發行的綠色債券規模總計110億美元*，反映香港作為金融中心的角色。（*按照金管局統計方法）

 

拓展香港綠色債券市場的推動因素

 

2018年香港綠色債券市場取得的進展為加速綠色金融創造了條件。展望將來，氣候債券倡議組織在簡報中列出了以下有助於加強香港作為亞洲綠色金融中心地位的推動因素：

 

  • 為債券發行貼上綠色標籤
  • 促進國際資本流入中國在岸市場的綠色債券
  • 推動綠色「債券通」
  • 通過發行主權綠色債券發揮示範作用

 

Sean Kidney, 氣候債券倡議組織首席執行官：

「於2018年，香港在綠色金融發展上發出正面信號，政府和私營部門開始將資本引流至產生積極氣候影響的資產或項目上。」

「香港政府宣布的1000億港元主權綠色債券計劃是迄今為止全球最大的政府發行計劃之一，通過分階段落實，預計將推動市場進一步發展。此外，提高綠色債券的可見度、引導綠色項目的投資，以及港交所成立綠色債券板塊，對下一階段的市場增長也至關重要。所有這些舉措將有助於推動香港朝亞洲主要綠色金融中心的目標邁進。」

 

李永誠, 香港金融管理局外事助理總裁

「我們很高興CBI發布香港市場報告。這是對香港發展成為世界領先綠色金融市場的肯定。報告顯示香港市場不斷壯大，吸引了來自各地的發行人籌集綠色融資。香港亦被定位為粵港澳大灣區綠色金融中心。香港市場潛力龐大，我們將繼續與政府和業界合作，打造香港成爲一個更優越的綠色金融業務中心。」

 


 

黃碧娟, 滙豐大中華區行政總裁

「中國在領導全球邁向低碳經濟、推動可持續發展的新科技，以及加快綠色融資市場的發展方面，擔當愈來愈重要的角色。目前內地綠色債券市場發行額已名列全球第二，充分反映中國可以為可持續融資的發展當中發揮積極作用。

 

「我們對中國綠色債券市場的發展，感到非常樂觀。一方面，資本市場開放，以及粵港澳大灣區的規劃，都有助內地可持續融資市場的發展；另一方面，中國債券被納入主流國際債券指數，將吸引更多國際投資者參與其綠色債券市場。更令我們感到鼓舞的，是近日公布的大灣區規劃綱要進一步明確中央對香港發展成為全球綠色融資中心的支持。」

 

<結束>

 

傳媒查詢：

氣候債券倡議組織

劉欣欣

中國區總經理（香港）

+852 6431 1275

ivy.lau@climatebonds.net

 

 

編輯垂注：

 

關於氣候債券倡議組織

氣候債券倡議組織  (Climate Bonds Initiative, CBI) 是關注投資者的國際非營利機構，努力推動相關項目和資產的大規模投資，促進低碳和氣候適應型經濟的快速轉型。CBI的工作包括為綠色債券市場進行宣傳和推廣，提供政策模型、政府建議、國際發展計劃和市場數據分析，以及管理氣候債券標準和認證計劃。欲了解更多資訊，請瀏覽http://www.climatebonds.net。

 

免責聲明: 本文中的信息不構成任何形式的投資建議，氣候債券倡議組織並不是投資顧問。任何涉及其他金融機構或投資產品的信息只作為參考信息之用。任何外部鏈接只做參考信息之用。氣候債券倡議組織及本文其他合作機構對外部網站的內容不承擔責任。氣候債券倡議組織及其他合作機構均不對任何債券或投資的優劣提供建議、推薦或指導，本文中的信息也不能當作或成為做出投資決策的依據。

 

氣候債券認證只反映相關債務融資工具募集資金的氣候效用。它並不反映相關債務融資工具的信用價值或是否符合有關的國際或國內法律要求。投資決定完全取決於投資者自身。氣候債券倡議組織及其他合作機構對基於本文全部或部分內容、或其他氣候債券倡議組織公開信息的任何個人或機構的任何投資以及代表任何個人或機構的第三方機構的任何投資概不負責。

 

-------------------------------------------------------------------

Disclaimer: The information contained in this communication does not constitute investment advice in any form and the Climate Bonds Initiative is not an investment adviser. Any reference to a financial organisation or debt instrument or investment product is for information purposes only. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.

The Climate Bonds Initiative is not endorsing, recommending or advising on the financial merits or otherwise of any debt instrument or investment product and no information within this communication should be taken as such, nor should any information in this communication be relied upon in making any investment decision.

Certification under the Climate Bond Standard only reflects the climate attributes of the use of proceeds of a designated debt instrument. It does not reflect the credit worthiness of the designated debt instrument, nor its compliance with national or international laws.
A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind, for any investment an individual or organisation makes, nor for any investment made by third parties on behalf of an individual or organisation, based in whole or in part on any information contained within this, or any other Climate Bonds Initiative public communication.