Hong Kong's Crucial Role in Financing Transition to Sustainability

Navigating the Evolving Sustainable Landscape: Hong Kong's Crucial Role in Financing Transition to Sustainability
Over the past decades, green and sustainable finance development has emerged as a top priority in global discourse. With the Financial Services Development Council (FSDC) releasing its inaugural report on this topic in 2016,1 Hong Kong was spotlighted as a nascent hub for green finance, poised to transform into a significant player in the field of sustainable economic practices. Since then, capitalising on the city’s status as an international financial centre, the Hong Kong SAR Government has embraced a series of strategic initiatives aimed at cultivating a sustainable finance ecosystem. These measures, many of which align with FSDC recommendations, encompass the formulation of strategies for public and private stakeholders, the development of regulatory frameworks, and the promotion of green and sustainable products.