Hong Kong Exchanges and Clearing (0388) has signed a Memorandum of Understanding with several carbon exchanges in the Greater Bay Area to strengthen collaboration in the development of carbon markets and the green finance ecosystem in the area.
Under the MOU, HKEX, Guangzhou Emissions Exchange, Shenzhen Green Exchange, Macao International Carbon Emission Exchange will work closely to explore new opportunities in carbon markets and green finance, the bourse operator said in a statement.
This collaboration aims to foster deeper dialogue and facilitate the exchange of expertise among the exchanges and markets participants, supporting the development of a robust and vibrant green finance ecosystem across Hong Kong and the Greater Bay Area, it said.
Secretary for Financial Services and the Treasury Christopher Hui Ching-yu welcomed the move, saying that the government attaches great importance to carbon markets in the GBA and actively promotes co-operation with them.
This MOU marks new heights in the orderly and healthy collaborative development of the GBA's carbon markets, consolidating Hong Kong's position as a leading sustainable finance centre in the region, Hui said.
