News

Markets & Investing

Staff Reporter

, Hong Kong

Published:

4 hours ago

Photo from Pexels by Pixabay

Government issues $220b bonds for green projects

It will be used to fund 116 green projects.

The government has issued $220b green bonds to fund 116 green projects, according to its Green Bond Report 2024.

Projects to be funded include the North East New Territories Sewerage System Upgrade; the Redevelopment of the Prince of Wales Hospital, Phase 2 Stage 1; the Yuen Long Barrage Scheme, and the Improvement of Yuen Long Town Nullah Town Centre Section.

Secretary for Financial Services & the Treasury Christopher Hui said that the green bond report provides comprehensive information on the projects funded by the bond programme, showing investors the contributions brought by their investments in green bonds to sustainable development.

Hui added that the government will continue to push for green transformation amongst enterprises and enhance the sustainability reporting for business in Hong Kong, amongst other sustainability-related goals.

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