GREEN FINANCE

12 January 2023

“Elephants can be eaten in small pieces” is a saying that comes to mind, when faced with the task of moving Mainland China’s economy on to sustainable footing and achieving the stated goal of net-zero by 2060. More

Sustainability

AFF launches green finance year

09 January 2023

As a leading international financial hub Hong Kong keeps abreast of developments in the financial universe, and green finance has moved firmly into the spotlight. More

Sustainability

Finance rides the green wave

10 October 2022

With projects such as the Zero-carbon Building in Kowloon Bay (main picture), Hong Kong is rapidly taking a more sustainable route – and Mainland China provides much of the hardware for the renewable energy revolution. More

hktdc research

Journey to Sustainability: The ASEAN Taxonomy

07 April 2022

Financing is the key to supporting and advancing the transition to net zero. In November 2021, the ASEAN Taxonomy Board released the ASEAN Taxonomy for Sustainable Finance, which introduces a common language across the region for the financing of sustainable activities and provides a framework for discussions among ASEAN countries. It helps financiers and investors understand the sustainability impact of a project or economic activity. More

hktdc research

Red Light for Greenwashing: The EU Taxonomy

16 February 2022

With the Covid-19-induced hiatus in economic activity having offered a glimpse of an alternative, greener economy, this article will detail how the EU is taking measures on the one hand to channel investment into more sustainable activities, while introducing the sustainable finance and EU taxonomy package – a common classification of economic activities significantly contributing to environmental objectives, using science-based criteria. More

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Hong Kong Power System Integrator Going Green with Aid of Green Finance

11 February 2022

VPower Group Holdings Limited is Southeast Asia’s largest private gas-fired engine-based DPG (distributed power generation) station owner and operator. The company secured its first sustainability-linked loan in 2021. Ambrose Lee, Chief Strategy Officer and Head of Capital Markets/Corporate Finance, welcomes Hong Kong’s growing interest in sustainable development, and believes local financing can help businesses go green and expand. More

Market Opportunities

HK grows as green finance hub

19 January 2022

The fast-growing and densely populated Asian region is home to half the world’s population and the source of 50% of greenhouse gas emissions, making centrally located Hong Kong a natural base for efforts to counter global warming. More

Market Opportunities

A window for environmental change

14 January 2022

Going green evokes images of shutting smokestack power stations, switching to electric motor fleets or putting solar panels on factory roofs. Bankers, insurers and fund managers do not usually spring to mind. More

hktdc research

Forging Closer Collaboration in the Greater Bay Area Financial Sector

10 February 2021

Free flow of capital is one of Hong Kong’s advantages in developing diverse offshore renminbi trading products and financial services. In the opinion of the GBA Strategic Team of Tai Fung Bank of Macao, Hong Kong has an advantage in driving Macao’s development of offshore renminbi services. By encouraging the capital flows between Hong Kong and Macao while promoting the development of their financial sectors, Hong Kong can also strengthen its role as a financial centre. More

hktdc research

Hong Kong’s Future Development Direction: An International Financial Centre

05 November 2020

Capital connectivity is a prerequisite for economic integration. Hong Kong should cooperate on a pilot basis with the mainland to relax restrictions on cross-boundary capital flows in specific locations or for specific groups. Having consolidated the insights and comments given by senior business executives in various sectors in the GBA, PricewaterhouseCoopers Advisory Services Ltd. (PwC) has put together a raft of proposed measures for enhancing HK’s status as an international financial centre. More

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