HKMA sets up inter-agency group for green finance
New initiative aims to co-ordinate regulation as ADB says Asia has huge green finance needs
The Hong Kong Monetary Authority has set up an inter-agency group to promote the city’s role in green and sustainable finance.
The group aims to accelerate the growth of green and sustainable banking in Hong Kong, as well as support the government’s climate strategies, the HKMA said. Seven financial regulators and government bureaus – including the HKMA and the Securities and Futures Commission – will take part in the initiative.
The group will also work with organisations regulated by the
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