HK to become a green finance center in the Greater Bay Area
Local | 30 Nov 2020 4:03 pmHong Kong will continue to capitalize on the enormous green finance opportunities presented by the Greater Bay Area development and the Belt and Road Initiative to develop into a green finance center in the region, says Financial Secretary.
Financial Secretary Paul Chan Mo-po said under the Belt and Road Initiative, Hong Kong will continue to promote Hong Kong's platform by supporting Chinese enterprises to raise funds for green projects in the region.
“To elevate Hong Kong's position as a regional green and sustainable finance hub, we will continue to facilitate and provide the necessary infrastructure and catalyst for promoting market development,” Chan added.
“We will also encourage more entities to make use of Hong Kong's capital markets as well as financial and professional services for green and sustainable investment, financing and certification.”
In a report just issued by the Hong Kong Institute for Monetary and Financial Research under the Hong Kong Monetary Authority last week, 71 percent of existing issuers and 100 percent of investors surveyed by the Institute indicate that they have plans to participate in Hong Kong's green bond market again in the future, indicating their satisfaction.
