HKMA Says Hong Kong Can Bridge Global Green Finance Gap

HKMA green finance initiatives could help Hong Kong bridge a global funding gap of more than USD200bn, even as China has built the world’s largest green loan market valued at USD6tr. Kenneth Hui, executive director for external affairs at the Hong Kong Monetary Authority, said the city’s regulatory framework can help combat greenwashing and channel sustainable capital more effectively. He highlighted the HKMA and SFC roadmap to deepen fixed income and currency markets. In June, Hong Kong issued HK$27bn (USD3.5bn) in institutional green and infrastructure bonds, nearly nine times oversubscribed by global investors, underscoring strong international demand for the city’s sustainable assets.