In her maiden policy address, the Chief Executive Carrie Lam reiterated her vision to make Hong Kong a home for sustainable financing by committing to the issuance of a green bond in the next financial year and the establishment of green bond certification schemes.
Although Hong Kong's green bond market remains small compared with the global fixed income market, there has been a number of green bonds issued by the private sector since 2015. These included the MTR Corporation, Link REIT and, more recently, a US$500 million corporate offering by CLP in July. Across the border, it is estimated that China will need to invest over US$1.5 trillion in green projects to accomplish the goals set out under the 13th Five-Year Plan. For investors wishing to get in on the action of a US$9 trillion market, the Bond Connect scheme unveiled in July provides a useful channel to capture opportunities arising from what promises to be a sizeable and robust debt market in both onshore and offshore China.
The Chamber is pleased to have invited Mr Jason Ho, Managing Director, Head of Debt Financing, CMB International Capital Limited, a wholly owned subsidiary Of China Merchants Bank, to share with his insights on Hong Kong's debt market with special reference to green bonds. His talk will cover the following:
- What is the outlook for Asia bond market, particularly in the Greater China region?
- What are green bonds and what are the benefits for issuing green bonds for Hong Kong and Chinese companies?
- What is the Bond Connect scheme?
- How does the Bond Connect scheme facilitate trades in the onshore and offshore Chinese bond market?