Building a World Top Green and Sustainable Bond Hub

800 700 600 500 400 300 200 100 0 2021 2023 12.8% 12.9% Global sustainable bond issuance International sustainable bond issuance from Asian issuers Mainland Chinese issuers: 3.4% Hong Kong issuers: 2.6% Other Asian issuers: 6.9% Non-Asian issuers 87.1% Asian Issuers 12.9% 16 Hong Kong’s Transition Towards a Green and Sustainable Finance Center: Building a World Top Green and Sustainable Bond Hub International Sustainable Bond Issuance from Asian Issuers Figure 10: International Sustainable Bond Issuance from Asian Issuers in the Global Market (Source: By the research team based on data from the ICMA) Since 2015, Mainland Chinese issuers have taken a leading position in issuing international sustainable bonds by Asian issuers, with their highest contribution at about 47% in 2016 and now stabilizing at 26% in 2023 with a volume of close to 21 billion US dollars. Issuance volume international sustainable bonds from Hong Kong doubled in 2023 and reached about 16 billion US dollars (Figure 11). Asian Issuers in the Global Sustainable Bond Market (2023) Figure 11: Proportion of Asian Issuers in the Sustainable Bonds and Its Breakdown (Source: By the research team based on data from the ICMA)