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ESG Loans With Little Transparency Boom in China, Hong Kong

  • Sustainability-linked loans don’t have restrictions on uses
  • Concerns are spreading about the real impact of ESG targets

A record boom of sustainability-linked loans signed by Chinese and Hong Kong firms is raising questions about limited disclosures amid broader concern about the global market for the facilities.

Firms from China and Hong Kong have signed a record $13.1 billion of such loans in 2022, surpassing the $12.6 billion for all of last year, according to data compiled by Bloomberg. Conversely, the volume of sustainability-linked loans globally has declined