ESG

Experts bemoan HK's slow green finance reform

The city's regulator and central bank must introduce guidance and rules more aggressively if they want to show that Hong Kong is committed to green finance, say industry participants.

Hong Kong's regulators and central bank need to introduce green finance rules and information requirements more assertively if they are to ensure that the world's global temperature only rises by two degrees Celsius or less, said environmental experts attending the first anniversary of the Hong Kong Green Finance Association HKGFA.  

The one-day event was held on September 23 and sought to underscore Hong Kong’s developing credentials as part of the Greater Bay Area, which China has designated as a leading place to push green finance development.

The mood at the first panel was fairly celebratory, with several Hong Kong and Guangdong government officials discussing...

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