The Leisure & Cultural Services Department will launch a new phase of its Arts Fun Fair at Kowloon Park this Sunday. It will have 16 stalls displaying and selling craftworks that feature fabric crafts, floral artworks and ornaments. Park-goers can also participate in art services such as painting and portrait sketching. The fair will be open from 1pm to 7pm on Sundays and public holidays at the park's loggia until May 26 next year. Visitors can enjoy the park’s beautiful scenery while appreciating a wide range of handicrafts and artworks. The Arts Corner at Hong Kong Park is being held from noon to 6pm on Saturdays, Sundays and public holidays until December 31. The Arts Corner at Victoria Park welcomes applications from today until June 23 for operating stalls in the coming round of the fair. For enquiries about the fair in Kowloon Park, call 2724 3344. For questions about Hong Kong Park and Victoria Park, call 2521 5041 or 2890 5824 respectively. http:
The Government today announced the successful offering of RMB5 billion offshore renminbi green bonds under the Government Green Bond Programme.
This is the Government's inaugural offering of renminbi-denominated bonds. The offering comprises two tranches of RMB2.5 billion three-year and RMB2.5 billion five-year.
The green bonds saw strong demand from diversified group of investors despite recent market volatility, and 54% of the issuance size was distributed to banks, 35% to fund managers, private banks and insurance companies, and 11% to supranationals, official institutions and corporates.
Financial Secretary Paul Chan said this landmark offering by the Government further enriches the range of offshore renminbi financial products available in Hong Kong, consolidates the city's role as the premier offshore renminbi centre and contributes to promoting the internationalisation of the renminbi.
Mr Chan explained that the offering also strengthens the Hong Kong platform to better serve renminbi issuers who raise green financing in support of low carbon transition efforts.
“Together with the US dollar and euro-denominated green bond offerings last week, it demonstrates our continued commitment to further develop the green bond market through piloting issuances with different parameters,” he added.
The green bonds are expected to be settled on November 30 and listed on the Hong Kong Stock Exchange and the London Stock Exchange.
Proceeds raised under the programme will be used to fund projects that will improve the environment and facilitate the transition to a low carbon economy.
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