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The 'China Sustainable Debt Market Report 2024' provides a comprehensive analysis of China's Green, Social, Sustainability, and Sustainability-Linked (GSS+) bond market. As of the end of 2024, China's cumulative issuance of CBI-defined GSS+ bonds exceeded $500 billion, making it the world's third-largest issuer. While green bonds remain dominant, the report notes a decline in financial institution issuance in 2024, offset by growth in non-financial sectors. The report highlights the rapid growth of social and sustainability bonds, the challenges facing the sustainability-linked bond (SLB) market regarding transparency and ambition, and the specific opportunities for GSS+ financing in the Guangdong-Hong Kong-Macao Greater Bay Area.

The Hong Kong Green Market Briefing 2022, published by the Climate Bonds Initiative, analyzes the green, social, sustainability, transition, and sustainability-linked debt (GSS+) market in Hong Kong for 2022. It highlights a decline in GSS+ bond volumes from Hong Kong issuers amid macroeconomic challenges, while noting significant growth in GSS+ debt arranged and issued within the territory, particularly in the loan market. The report emphasizes the HKSAR Government's leadership in sovereign green bond issuance in the Asia Pacific region and Hong Kong's role as a primary offshore financing hub for Mainland China's green transition.

The 2021 Green Infrastructure Investment Opportunities report by the Climate Bonds Initiative identifies significant low-carbon investment potential in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). It details sector-specific opportunities in transport, energy, water, waste, buildings, and new infrastructure, while providing six strategic recommendations to mobilize private capital through green finance instruments and harmonized standards.

This report by the World Resources Institute (WRI) outlines a strategic pathway for China to achieve deep decarbonization by 2050, focusing on the critical transition period of the 14th Five-Year Plan (2021–2025). It argues that adopting a 'Strengthened Ambition Scenario' (SAS) can lead to significant economic and social benefits, including a net social gain of 6.5 trillion yuan in 2050 and the avoidance of 1.89 million premature deaths annually by that year. The report emphasizes the role of key economic regions—the Yangtze River Delta, Beijing-Tianjin-Hebei, and the Guangdong-Hong Kong-Macao Greater Bay Area—in leading the national transition by peaking emissions early.