China’s Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is expected to continue its leading role in the country’s decarbonisation and green-finance efforts by facilitating financing for sustainable development, experts said.
The GBA is leading the nation in green and sustainable finance, as its issuance of green, social, sustainability and sustainability-linked (GSSS) bonds almost doubled to 56.76 billion yuan (US$8 billion) year on year in the first quarter of this year, according to Kevin Yang, vice-president of the Hong Kong Green Finance Association, citing data from the HSBC GBA ESG Index.
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