香港与迪拜探索新兴地区可持续债务市场发展空间

Core Viewpoint - The report titled "Expanding the Scale of Sustainable Debt Markets in Emerging Markets" highlights the potential of sustainable debt instruments in promoting sustainable development, particularly in the Middle East, North Africa, and Asia-Pacific regions [1][3]. Group 1: Market Potential - The sustainable debt market in the Middle East and North Africa, as well as in Asia-Pacific emerging regions, has significant growth potential, with many issuers and borrowers not yet utilizing sustainable debt instruments for financing sustainable projects [1][3]. - Governments can support issuers by offsetting issuance costs of sustainable debt instruments and providing guidance to help them overcome market entry challenges [1][3]. Group 2: Innovation in Sustainable Finance - The report includes three case studies showcasing innovations in sustainable finance regarding traditional labels, tenors, and structures, including blue bonds issued by Dubai Ports World, sustainability-linked loan bonds by Emirates NBD, and long-term green bonds and loans by Hong Kong MTR Corporation [3]. - The Dubai Financial Services Authority emphasizes its commitment to supporting various sustainable and transition finance initiatives to maintain the credibility and robustness of the Dubai International Financial Centre and the broader region [3]. Group 3: Role of Hong Kong - The Hong Kong Monetary Authority views sustainable debt as a promising financial tool that can help bridge the multi-trillion-dollar climate funding gap in emerging markets [3]. - Hong Kong aims to arrange for 45% of international green bond issuances in the Asia region by 2024, leveraging its infrastructure and practical experience to support emerging markets in achieving sustainable development goals [3].