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Hong Kong Fintech Green Finance

The Hong Kong Monetary Authority (HMKA) has launched the Sustainable Finance Action Agenda to reinforce Hong Kong’s role as the region’s sustainable finance hub. U.S. companies that can support Hong Kong banks in achieving the Action Agenda’s sustainability goals will find a receptive and growing market.  

The Action Agenda includes eight goals across four strategic areas:  

Banking for Net Zero

  • All banks to strive for net-zero emissions in their own operations by 2030 and in their financed emissions by 2050.
  • All banks to enhance transparency on climate-related risks and opportunities.
     

Investing in a Sustainable Future  

  • Achieve net-zero emissions for the Exchange Fund’s Investment Portfolio by 2050.
  • Support the region’s transition through targeted investments.
     

Financing Net Zero  

  • Position Hong Kong as the go-to sustainable finance platform for the region and beyond  
  • Catalyze innovation in sustainable finance, including through fintech and digital green bonds.
     

Making Sustainability More Inclusive  

  • Promote high-quality and comprehensive sustainability disclosures  
  • Close talent and knowledge gaps in sustainable finance across the region
     

The area of “Investment in a Sustainable Future” highlights the HKMA’s commitment to leveraging the Exchange Fund to invest in transition opportunities. This includes investments into renewable energy, energy-efficient real estate, innovative technologies, and sustainable transportation.  

To support the area of “Financing Net Zero,” the HKMA will encourage borrowers to raise sustainable financing and will offer incentives and subsidies to prospective issuers of digital green bonds.  

The HKMA also seeks to enrich the climate disclosure toolkit for banks and their clients by providing user-friendly templates and supporting tools. There is also a need to expand Hong Kong’s local talent pool and fill knowledge gaps. U.S. companies with expertise in green finance, ESG analytics, or sustainable investment technologies may find significant opportunities in Hong Kong.

For more information, please contact the U.S. Commercial Service in Hong Kong at office.hongkong@trade.gov or find out more in the Commercial Country Guide.