Market Chatter: Hong Kong Can Raise $21 Trillion for China's 2060 Carbon Neutrality Goal, Bourse Chief Says

Hong Kong is able to help raise about $21 trillion in carbon funds that China will need to attain carbon neutrality by 2060, The Standard reported Friday, citing Hong Kong Exchanges and Clearing (HKG:0388) Chief Executive Officer Bonnie Chan Yi-ting.

The city was able to raise $300 billion for global firms through initial public offerings over the last 10 years, topping the US, the report said, citing Chan.

Chan is confident the city will be able to raise the amount, citing the availability of institutional investors in the city that are linked to the West as well as the Stock Connect programs between Hong Kong and mainland China, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)