Dr. Kenny Siu’s Sharing on Sing Pao Column – Guangdong-Hong Kong-Macau Greater Bay Area Green Finance Alliance
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Hong Kong is committed to developing green finance, in response to raising awareness of climate and environmental issues, and has achieved remarkable results.
Collaborated by Hong Kong Green Finance Association (HKGFA), the Green Finance Committee of Guangdong Society for Finance and Banking (GDGFC), the Green Finance Committee of Financial Society of Shenzhen Special Economic Zone (SZGFC) and the Macau Association of Banks, the Guangdong-Hong Kong-Macao Greater Bay Area Green Finance Alliance aims to promote research and incubate green investments that will benefit the Greater Bay Area (GBA), by leveraging the vast green investment demand in Guangdong and green finance capacities in Hong Kong and Macau.
One of the projects led by Hong Kong is “Carbon Connect”, which aims to establish a standardized carbon marketplace for cross-border trading covering the GBA and put investors interested in carbon trading on the same platform by connecting domestic and overseas carbon market trading channels. “Carbon Connect” allows global investors to enter China’s carbon market more conveniently via the GBA. Meanwhile, Hong Kong’s well-established financial infrastructure can serve as a trading centre for the “Carbon Connect”.
Learn more from the full article (in Chinese only) written by Kenny Siu, Senior Advisor of AEC Group, published on Sing Pao on 6 September.
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