( 1 June 2026 – Hong Kong) China is returning to the international sustainable finance market with plans to issue up to six billion yuan (US$830 million) of sovereign green bonds in Hong Kong, marking its first green bond offering in the city.
The renminbi-denominated issuance follows Beijing’s commitment earlier this year to expand its presence in international ESG debt markets and support domestic low-carbon development initiatives.
According to market sources reported in Bloomberg, the Ministry of Finance has set initial guidance for the three-year and five-year notes at yields of around 1.85% and 2.0% respectively.
The deal comes a year after China’s inaugural offshore sovereign green bond issuance in London, which raised six billion yuan to fund projects focused on emissions reduction, biodiversity protection and pollution control.
The issuance also highlights Beijing’s broader efforts to strengthen the offshore renminbi bond market while reinforcing its environmental finance credentials. China is reportedly exploring a further sovereign green bond offering in London later this year.