Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC

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Study finds government support and talent development are crucial in driving the growth of green fintech.

GoImpact, an ESG and Sustainability education firm, together with The Chinese University of Hong Kong’s (CUHK) Business School released the findings from their working paper, Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC. This study finds that government support plays a vital and essential role in facilitating green fintech development, while talent shortage is a common concern in the five economies in the region.

Derived from three elements — environment, finance, and technology — the industry report defines green fintech as financial activities that utilise green technologies that bring better environmental outcomes.

Industry experts from five APEC economies, namely Hong Kong SAR, China (“Hong Kong”), Indonesia, the Republic of Korea (“Korea”), Singapore and Thailand, have urged policymakers to establish a conducive environment for green fintech to flourish. According to them, governments can help through offering incentive schemes for startups to develop in this area and spearhead the change by setting sustainable regulatory frameworks and mandating disclosures, reporting, and thresholds.

HKGFA is honored to have contributed views and insights towards the study.

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