A Cross-Agency Strategic Plan for Green and Sustainable Finance in Hong Kong: Insights and Implications for Market Participants
On 17 December 2020, Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (Steering Group) published its Strategic Plan to Strengthen Hong Kong’s Financial Ecosystem to Support a Greener and More Sustainable Future (Strategic Plan). The Strategic Plan sets out six key focus areas to strengthen Hong Kong’s financial ecosystem and support the development of sustainable finance in the Special Administrative Region. It is likely that this comprehensive plan will be implemented rapidly given the support of the seven members of the Steering Group, which represent a critical mass of Hong Kong’s financial regulatory bodies and include the Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX).
