The Hong Kong Monetary Authority (HKMA) today released a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget. The GSF Grant Scheme will provide subsidy for eligible bond issuers and loan borrowers to cover their expenses on bond issuance and external review services. It will commence…
By Ma Jun, Network for Greening the Financial System (NGFS) and China Society for Finance and Banking, and Nick Robins, Grantham Research Institute In this post for the Sustainable Finance Leadership series, Ma Jun and Nick Robins describe the need for a systematic approach by central banks and financial supervisors to biodiversity and outline the role…
Today, the NGFS and the International Network for Sustainable Financial Policy Insights, Research, and Exchange (INSPIRE) – one of the NGFS research stakeholders – announced the launch of a joint Study Group on ‘Biodiversity and Financial Stability’. A growing number of central banks and supervisors have recognised the need to extend their focus from climate…
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Industry-led and UN-convened Net Zero Banking Alliance also announced today, co-launched by the UNEP Finance Initiative and the Financial Services Taskforce of the Sustainable Markets Initiative The Glasgow Financial Alliance for Net Zero (GFANZ), chaired by Mark Carney, UN Special Envoy on Climate Action and Finance, brings together over 160 firms together responsible for assets…
On April 15th, the People’s Bank of China and the International Monetary Fund co-hosted a High-Level Seminar on Green Finance and Climate Policy. Governor Yi Gang attended the seminar and delivered opening remarks. The opening remarks are as follows: Madame Managing Director, Ladies and Gentleman, Good morning and good evening. It gives me great pleasure to co-host…
In response to the increasing confirmed cases of COVID-19 in the past few days, the Secretary for Financial Services and the Treasury would like to encourage the public to undergo a COVID-19 test. Please read below or click HERE to view the full letter.
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To support Hong Kong in harnessing the opportunities in the Belt and Road region, the Belt and Road Office Commerce and Economic Development Bureau published the second edition of Belt and Road Office (BRO)’s Newsletter in February 2021. Read the Full Newsletter: LINK The Newsletter highlighted major events of the BRO since the latter half of…
The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (the “HKSAR Government”) today announced the successful offering of US$2.5 billion of green bonds (the “Green Bonds”) under the Government Green Bond Programme. The offering comprises three tranches of US$1 billion 5-year, US$1 billion 10-year and US$500 million 30-year green…
