The carbon market should evolve from basic trading into a more sophisticated ecosystem to enable more effective development, says Hong Kong Exchanges and Clearing (0388) chief executive Bonnie Chan Yi-ting.
Chan said at a forum that market integrity is key to driving momentum, which requires a collective effort from all stakeholders to establish a sound development framework.
Securities and Futures Commission chief executive Julia Leung Fung-yee said at the same forum that carbon trading platforms across the Asia-Pacific remain fragmented in terms of pricing, liquidity, and rules, and that stronger connectivity and cross-border trading are needed to scale up the market.
Leung added that Hong Kong is well-positioned to strengthen regional connectivity in the carbon market.
STAFF REPORTER
