As Chinese green bonds increasingly harmonise with international standards so that international investors feel more comfortable with the country's onshore market, London, Luxembourg and Hong Kong are likely to benefit from an expected surge of issuance.
But international investors remain sceptical. “International investors are interested in green bonds, but the challenge is, are they genuine They ask 'Are these bonds really green'” said Chaoni Huang, director of green and sustainable solutions in corporate and investment banking at Natixis, at the International Capital Market Association ICMA Asia Primary Market Forum in Hong Kong at the end of February.
ICMA, headquartered in Switzerland, supports...