1、Hong Kong Green Market Briefing 2021 Climate Bonds Initiative 1Climate Bonds approach to determining the country/jurisdiction of a debt issuer Climate Bonds refers to the following rule to determine how to assign a country/jurisdiction to each bond.For unsecured bonds,the country/jurisdiction is det

2、ermined by the issuers domicile.If it is a wholly-owned subsidiary,it becomes the parent groups domicile.For secured bonds,the location of the assets being used as collateral is considered.However,a parent guarantee or other recourse to a parent company in another domicile would influence the determ

3、ination.For loans,the domicile country/jurisdiction of the borrower is used.Climate Bonds does not take currency denomination,listing venue,or similar factors into account to determine the country/jurisdiction.Green and Sustainable Debt Market Briefing 2021HONG KONGJuly 2022USD14bn in GSS+labelled d

4、ebt from HK issuers in 2021,three quarters in green theme Cumulative green issuance USD20bn;2021 issuance USD10.4bn,up four times YoY by Climate Bonds definitionsUSD57bn GSS+debt arranged and issued in HK in 2021;USD31.3bn bonds,and USD25.4bn loans2021 Hong Kong market analysisThis is the fourth ite

5、ration of the Hong Kong Green and Sustainable Debt Market Briefing,produced by the Climate Bonds Initiative(Climate Bonds)in association with the Hong Kong Monetary Authority(HKMA)and the Hong Kong Green Finance Association(HKGFA).1 To reflect the growing development in the Hong Kong market,the scop

6、e of this report has been extended.It includes analysis of green,social,sustainability,transition bonds,and sustainability-linked debt instruments(GSS+).2Expansion in GSS+products The 2021 Hong Kong GSS+market expanded into new types of thematic debt,and across the board.This included a quadruple in