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China Taps Hong Kong Market for $885M Green Bond Offering

China is marketing as much as 6 billion yuan in green sovereign bonds through Hong Kong, marking the nation's return to the international ESG debt market a year after its inaugural London issuance. The offering underscores Beijing's commitment to environmental, social and governance financing. It also reflects Hong Kong's importance as a capital markets gateway for mainland Chinese entities and its established infrastructure for international bond issuances. The move comes as Asian financial centers compete for dominance in green finance and sustainable debt markets.