Hong Kong Sustainable Debt Market Briefing 2024
Summary
The Hong Kong Sustainable Debt Market Briefing 2024 analyzes the performance of sustainable debt in Hong Kong through the end of 2024, highlighting a decline in locally originated debt alongside a significant increase in international GSS+ bond issuance and the launch of the Hong Kong Taxonomy.
Key insights
- Locally originated sustainable debt in Hong Kong decreased by 41% to USD10.8 billion in 2024. This decline was primarily caused by a 54% drop in green bond issuance, which totaled USD7.2 billion, due to lower activity from the HKSAR Government. Conversely, social bonds increased by 19.8% to USD3.1 billion, and sustainability bonds grew by 400% to USD532 million.
- Hong Kong issued USD43.1 billion in green, social, sustainability, and sustainability-linked (GSS+) bonds in 2024, representing a 43.2% year-on-year increase according to HKMA's methodology. This volume accounted for 45% of Asia’s international sustainable debt market, with green and sustainability bonds making up 87% of that total.
- In May 2024, Hong Kong launched the Hong Kong Taxonomy, created with expertise from Climate Bonds. The taxonomy defines 12 activities across four sectors and is aligned with global frameworks, with future plans to include hard-to-abate sectors and expand cross-border initiatives with China and APAC.
Cite the original document
- APA
- Climate Bonds Initiative (2025). Hong Kong Sustainable Debt Market Briefing 2024. https://www.climatebonds.net/data-insights/publications/hong-kong-sustainable-debt-market-briefing-2024
- Chicago
- Climate Bonds Initiative. Hong Kong Sustainable Debt Market Briefing 2024. 2025. https://www.climatebonds.net/data-insights/publications/hong-kong-sustainable-debt-market-briefing-2024.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Hong Kong Sustainable Debt Market Briefing 2024 |date=17 July 2025 |url=https://www.climatebonds.net/data-insights/publications/hong-kong-sustainable-debt-market-briefing-2024 |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2025hong, author = {{Climate Bonds Initiative}}, title = {{Hong Kong Sustainable Debt Market Briefing 2024}}, institution = {Climate Bonds Initiative}, year = {2025}, month = jul, url = {https://www.climatebonds.net/data-insights/publications/hong-kong-sustainable-debt-market-briefing-2024}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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