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Sorry, banks and green bond specialists, it is not all about you. It is time to focus on green equity as well.

Central bank money is flooding into bonds, making the European high yield market a bizarre place where a double-B rated issuer can pay a coupons of less than 1%. That is attracting first-time issuers with risky, opaque businesses who are getting away with offering scant investor protection.

Enel is banking on saving money on its cost of debt by using sustainable finance, as it increases its use of sustainability-linked bonds. But it sees this as a halfway house, until the rating agencies properly reflect the company’s sustainability with better credit ratings.

I recently went to Beijing to catch up with a young friend who works at a large Chinese state-owned bank.

Hong Kong hosted Alibaba Group Holding’s jumbo IPO in tough political times this month, yet the deal received overwhelming support in primary and the shares soaring in the aftermarket. While this success gave the city’s stock market a much-needed boost, other issuers would be mistaken in thinking that such liquidity is also available to them.

Economies like Canada and Australia that rely upon carbon dioxide-heavy industries are well placed for establishing transition bonds in the SSA market. Having already blazed the trail for green bonds and new risk-free rate linked paper, it is time for SSA issuers to establish transition bonds as a public sector instrument.

HSBC’s anticipated cuts to its global banking and markets (GBM) division may make sense. But they will not be easy to pull off smoothly.

Wealth inequality is among the hottest topics in politics and now one central banker believes that monetary policy has a role to play in addressing it. He is not wrong to acknowledge the influence that supposedly politically neutral institutions such as his wield in these matters.

The power sector — like other industries — is going green at an accelerating pace. It’s still not nearly fast enough. Governments must goad and drive the private sector horses faster. But they should not step off the driver’s seat and try to pull the coach themselves.

Schuldschein, US PP, Euro PP

In this round-up, China lifted its 2018 GDP by 2.1% after the fourth census, the Chinese Ministry of Finance (MoF) will add a tap to its sovereign bonds sold in June and Hong Kong wrapped up its district council elections on Sunday.

In this round-up, US president Donald Trump threatened to raise tariffs again if a phase one deal is not reached, China is planning to set up a fund to promote its manufacturing industry and the US Senate passed the Hong Kong Human Rights and Democracy Act.