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    HKMA Could Intensify Focus on Sustainable Finance in Greater Bay Area

    September 01, 2021

    The Hong Kong Monetary Authority (HKMA) Infrastructure Financing Facilitation Office (IFFO) hosted a panel discussion on “Greener Bay Area" at the sixth Belt and Road Summit. The panel delved into sustainable development and related financing in the Greater Bay Area, with a focus on green supply chain and infrastructure financing. The panel discussed the landscape, opportunities, and upcoming trends of sustainable development and financing in the Greater Bay Area.

    According to Mr. Yu Haiping, Director General, Guangdong Financial Supervisory Authority, “With the introduction of the overall goal of the country’s '“Carbon Peak and Carbon Neutrality,' the Guangdong-Hong Kong-Macao Greater Bay Area has a new historical mission for green finance reform and innovation. In the future, Greater Bay Area will deepen and refine the green finance collaboration in accordance with the national 'Carbon Peak and Carbon Neutrality' policy framework. We suggest to jointly study and improve the green finance standards for the Greater Bay Area, expand the scale of green financial products, and explore the development of a unified carbon market in the Greater Bay Area.”

    Keywords: Asia Pacific, Hong Kong, Greater Bay Area, Banking, Securities, Sustainable Finance, ESG, Carbon Neutrality, HKMA

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