Building a World Top Green and Sustainable Bond Hub

4 Executive Summary In the global green and sustainable finance landscape, green bond dominates as a primary instrument. Hong Kong possesses a well-developed international bond market, the world’s largest offshore Renminbi green bond market, and a comprehensive legal framework and infrastructure for bond issuance. These advantages have laid a solid foundation for the establishment of a green and sustainable bond hub. Positioning Hong Kong as a premier global green and sustainable bond hub represents a pivotal transformational step for the city to become a green and sustainable financial center. However, several factors, including diversified green taxonomies and bond standards, shortage of talent and inadequate infrastructure hinder Hong Kong from achieving its potential. Correspondingly, we propose a roadmap and detailed actions to address these challenges in the hope of accelerating the development of a green and sustainable bond hub in Hong Kong.