HKMA ESG Regulations
As Hong Kong’s central bank, the Hong Kong Monetary Authority is responsible for banking industry supervision and financial policy formulation. It has also incorporated sustainable factors into its decision-making, such as formulating a net-zero plan for the banking industry and establishing Hong Kong green taxonomy.
The Hong Kong Monetary Authority is responsible for implementing the government’s green bond program. Green bonds are not only open to institutional investors and individual investors, but also combined with financial technology to complete tokenization pilots.
Introduction to Hong Kong Green Bond Program
In 2018, Hong Kong launched the government green bond program for the first time, with an initial borrowing ceiling of HK $100 billion (about $12.8 billion). This borrowing limit was increased to HK $200 billion ($25.6 billion) in 2021. The funds raised by green bonds are mainly