The HKGFA welcomes the Chief Executive’s 2022 Policy Address today and fully supports the measures to develop green and sustainable finance. The Chief Executive said that he would promote Hong Kong to become the preferred financing platform for Mainland and overseas governments and green enterprises, build an international carbon market in Hong Kong, and support HKEX to continue promoting cooperation with Guangzhou financial institutions and other carbon market development.
Dr Ma Jun Chairman and President of the Hong Kong Green Finance Association, expressed his strong support for the measures:
- Promote Hong Kong as the preferred financing platform for Mainland and overseas governments and green enterprises: The Hong Kong Green Finance Association will further promote the implementation of the EU-China Common Standard for Sustainable Finance in Hong Kong and the Greater Bay Area, open up more convenient and low-cost channels for mainland institutions to green financing in the international market, and help Hong Kong become the preferred green financing platform for the Mainland and the world.
- Carbon market development: The Hong Kong Green Finance Association will continue to support Hong Kong’s efforts to establish a voluntary carbon market and a carbon market connectivity mechanism with the Mainland. Promoting enhanced cooperation, standardization and harmonization of carbon principles in the GBA will help Hong Kong achieve its ambition to become an international carbon market. Investment demand for high-integrity voluntary carbon credits is expected to grow as countries commit to net-zero targets, and Hong Kong has established itself as an excellent intermediary between international investors, Chinese Mainland and other regions.