Hong Kong lists first Shanghai FTZ green bond to bolster yuan hub status

Hong Kong is set to list its first green bond from the Shanghai free-trade zone, issued by a subsidiary of Shanghai Electric. This move aims to bolster Hong Kong's position as a key offshore yuan hub amidst increasing competition from mainland China. The 1.5 billion yuan bond, with a 1.8% coupon, will be listed on August 20 and represents the first time a non-financial corporate free-trade zone offshore bond has been offered. AI

RANK_REASON Significant financial product launch with policy implications for a major financial hub. [lever_c_demoted from significant: ic=1 ai=0.0]

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• Bank of China
• Hong Kong
• Hong Kong Exchanges and Clearing
• Shanghai
• Shanghai Electric
• Shanghai Electric Global Capital

• product
• policy

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