60 green fintech projects win funds

Hong Kong has approved 60 sustainable fintech projects under a dedicated funding initiative in line with the city's ambitions of becoming an international hub for green finance.

The Green and Sustainable Fintech Proof-of-Concept Funding Support Scheme has granted approvals to 39 applicants for 60 projects, with a maximum subsidy of HK$150,000 per project, the Financial Services and the Treasury Bureau said.

Launched in June 2024, the scheme provides early-stage funding to support tech companies or research institutes conducting green fintech activities in collaboration with local enterprises, with a view to co-develop and bring new projects addressing various industry pain points to market.

The FSTB also revealed it has invited Sue Lloyd, vice chair of the International Sustainability Standards Board, to visit Cyberport in Pok Fu Lam and see Hong Kong's breakthroughs in green finance.

The bureau said that the roadmap on sustainability disclosure launched last month by the government, which asks public firms to fully adopt ISSB standards no later than 2028, will cement Hong Kong's role as a global green finance hub.

Staff reporter