China's Ministry of Finance has issued renminbi sovereign bonds in Hong Kong for
18 consecutive years, with cumulative issuance exceeding 460 billion yuan. Hong Kong
Kong is attracting more offshore issuers and expanding the offshore renminbi
bond market: Guangdong and Hainan have issued green and blue bonds in Hong Kong,
and the Indonesian government and Kazakhstan Development Bank have issued
renminbi bonds there, boosting market depth, breadth and international
participation. Hong Kong has ranked first in Asia for green bond issuance for
eight consecutive years, accounting for roughly 40% of the region's green bond
volume.